That’s the title of my latest blog post at the Tenth Amendment Center’s website. Read about the cronyists and rent-seekers in the professional and collegiate sports leagues, and those who’re attempting to stand up to them here.
August 17, 2012
That’s the title of my latest blog post at the Tenth Amendment Center’s website. Read about the cronyists and rent-seekers in the professional and collegiate sports leagues, and those who’re attempting to stand up to them here.
August 19th, 2012 at 12:58 am
Let’s assume, you and I are on a shoreline where a ship just left port out to sea, and I say to you, “I’ll wager you $100,00.00 that the ship hits a storm or some other peril of the sea and never makes it to New York from London where we stand.” You accept the wager as a binding contract between us. Is such a contract legal? or whether or not it is, should there be a law on wager contracts? In other words, are future contracts and other such type wager-gaming contracts de jure under the Law of Contracts including a fiat currency on a daily wager float ? If not, do you support the wager and not the Law Merchant in allow the gaming-wager contractual principle in commerce and public policy?