Solon, Solon was born into a well-to-do family of Athens. He worked as a merchant in the export-import trade, and he considered himself relatively poor. He did not worship money, as is evident from these poems of his: The man whose riches satisfy his greed Iis not more rich for all those heaps and hoards Than some poor man who has enough to feed And clothe his corpse with such as God affords. I have no use for men who steal and cheat; The fruit of evil poisons those who eat. Some wicked men are rich, some good men poor, But I would rather trust in whats secure; Our virtue sticks with us and makes us strong, But money changes owners all day long. Writing Writing Poetry was for Solon a way to entertain himself, and he also used poetry to give his ideas easy access to the minds of the Athenians. S O L O N - On Coinage Control The Lawmaker of Athens (died 559 B.C.) by Plutarch Athens, unlike Sparta, was a money-mad commercial city. The constitution written by Solon mitigated the class struggle between rich and poor, and allowed for the growth of democratic institutions. So Solon pretended to go crazy. A rumor spread that Solon had made up some crazy poems and was now totally out of his mind. Then one day he appeared in the marketplace and stood in the speakers place. All of the Athenians swarmed to hear the crazy man speak. Still keeping up the act of insanity, Solon sang a song of over a hundred verses about Salamis. The poem was so well done that the people forgave him for violating the new law. Before long, the law was repealed, and the Athenians prosecuted the war with greater vigor than ever before. Solon, who meanwhile had recovered, was chosen to be the general to lead them in it. https://youtube/watch?v=0sw54Pdh_m8 The Faith The Contract The Covenant(s) Solons first reform was forbidding mortgages on bodies. Even with the consent of the debtor, the creditor could no longer legally enslave him and his family. Those who had already become slaves were liberated, and those who had been sold to foreigners returned to Athens as free men. Solon also ordered that all outstanding debts were forgiven, so all mortgages on land disappeared. But here Solon was disappointed by his friends. Shortly before he published his law releasing all mortgages, he told some of his most trusted friends. They immediately went out and borrowed money to buy land, giving the purchased land as security for repayment of the loan. When the law was published, they had their land free and clear. For this, Solon was suspected, but when it came to be known that he himself had lost fifteen talents by his own law, he managed to escape serious damage to his reputation. … The priests of Egypt told Solon the ancient story of the lost continent of Atlantis. ... Dead Zero Consideration Common Law 101 In common law it is a prerequisite that both parties offer consideration before a contract can be thought of as binding. The doctrine of consideration is irrelevant in many jurisdictions, although contemporary commercial litigant relations have held the relationship between a promise and a deed is a reflection of the nature of contractual considerations. If there is no element of consideration found, there no contract formed. Invented Consideration Fictional consideration created by a court to prevent the invalidation of a contract that lacks consideration. In signing a mortgage contract, the “bank” dealer sold (on consignment for the Reserve) the service of turning promissory note currency into Reserve note currency. In providing its “funding” service, it pre-meditated to exchange zero future consideration each month (for the full contract term) in return for its “interest” – a dead zero. Fair Consideration 1. Consideration that is roughly equal in value to the thing being exchanged; consideration given for property or for an obligation in either of the following circumstances: (1) when given in good faith as an exchange for the property or obligation, or (2) when the property or obligation is received in good faith to secure a present advance of a prior debt in an amount not disproportionately small as compared with the value of the property or obligation obtained. 2. Consideration that is honest, reasonable, and free from suspicion, but not strictly adequate or full. Inadequate Consideration Consideration that is not fair or reasonable under the circumstances of an agreement. Illegal Consideration Consideration that is contrary to the law or public policy, or prejudicial to the public interest. Such consideration does not support a contract. Immoral Consideration A consideration that so offends societal norms as to be invalid. A contract supported by immoral consideration is voidable or unenforceable.
Posted on: Wed, 10 Dec 2014 09:36:16 +0000
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