On 6/13/2019 6:21 PM, Robert Sanderson wrote:
Dear all,
Continuing the thinking about Obligations, it seems that a bid in an
Auction is the activity of proposing a potential Obligation, that
might then be accepted or not.
If I bid $1000 for a painting, I am committing to paying that amount
of money to fulfill an obligation that _/would/_ be part of the
exchange of money for the painting, if it is the highest bid.
The Contract then consists of the proposed obligation of delivery of
the painting, and the winning bid’s proposed obligation.
Thus it seems like it should be possible to have Obligations that are
created outside of a Contract Agreement, and then later added into an
agreement.
Instead of Contracts necessarily initializing the Obligations, they
could simply require them to be fulfilled, and they could be created
outside of any formal Contract.
Yes, necessary conditions are always bad. We should always start with
possible ones. A contract should give a time-frame for the obligation to
be fulfilled, or define details. Requiring to be fulfilled may be, I
think, in place even before...
Rob
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