None of the parties expected payment1. The amounts of hyperpers and shillings probably accurately reflected the exchange rate between the two coins at the time – it makes no sense to be too obvious. But it would have been far too expensive to go to Byzantium just to make this exchange. Thus, both parties expected that the payment2, a falsified compensation clause, would normally be made. If not, we have two real damage clauses – the somewhat sensible “double punishment” and the fatal “all our goods, available and without a future.” Another interpretation of the latter clause is that it would only cover a value of goods up to double the amount of the penalty, but that the goods could be selected from all the debtor and co-signer`s goods. Certainly, a modern court would consider the interpretation I put in our language as unacceptable and therefore unenforceable. The “Duration” clause defines the period during which the agreement is effective, subject to a previous termination, in accordance with its terms. Not all agreements have a defined duration (for example. B purchase and sale agreements).
But many of those who do will also give one or both parties the right to extend the agreement on one or more additional conditions. A: This language is geared towards an economy of distributed software and devices that perform services for each other. A monetary economy can be built from an exchange economy, but not the other way around. Real money online is much more subtle than a simple common variable (or even the specification of “tickets” in that language). Money is only a kind of fungible exclusivity and the structure of financial contracts is generalized by transforming monetary conditions into fungible exclusivity. Imagine contracts and interlocking rights like an inverted tree — a hierarchy of nested clauses. Events spread from the top of the “leaves” of the tree to the “root” at the top. They are captured by the first event when they meet for this event.
In this case, the When-|-Dime-|-quarter clause will be rewritten as soon as we have signed the “when-Threshold” clause ()- If the parties commit to the contract, the first clauses (the highest collection clauses) will be created. In our futures contract, we only have such a clause, and therefore the moment (but not the clauses below) go into an active state and await the event withinPeriod (): This is a transcription of the behavior of the machine. Now we`re doing even more like a contract. Here we insert the customer and his decisions that implicitly generated the coin events in the code above – here are the rights of the holder of the coins. If we think more about the game and not the machine, we realize that the customer wants at each stage a return on how much money he has put into play, that is to say the matching announcement (moneyAmount). This announcement is made by the owner (the automaton as the seller`s agent) as the right of the counterparty (of the customer). In order to allow a better selection of customers, we add a new construction to our language: choiceOf (agent, right) that allows the customer to choose several times according to the right he wishes to transfer to the counterpart of the agent (here the vending machine, the holder). Q: What are your problems with this language that you want to see resolved? The events of a clause when can be combined under logical conditions that must be considered true to trigger the sub-clause.