Television, cable, and internet advertising. In broadcast (including
cable) the contracts are in video frames, in the North America and other
NTSC standards countries this is on the order of +- 1/30th second (with
some small variance for technical error). Lots and lots of commercials,
lots and lots of money, with lots and lots of liablity for not
broadcasting exactly what you promised. And its monitored by lots and
lots of lawyers.
On 2014-09-30 03:55 PM, Clive D.W. Feather wrote:
Hal Murray said:
How many contracts worry about seconds?
Ones to deal with electronic trading, domain name registration, and such
topics.
I think it's common for contracts to start one minute before or after
midnight to avoid an English language ambiguity. Things like "midnight
Monday" might be the midnight at the start of Monday or the midnight at the
end of Monday so contracts usually use 00:01 or 23:59. A bit of googling
found a web page describing that, but I don't know what they teach in law
schools.
They didn't suggest it on my law course.
I found a law case (sorry, no cite) that was decided on a matter of 8
seconds - from memory, an email sent 8 seconds after a midnight deadline.
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