Skip to content
NeCede's

Maxim 12.12.2

Money is the just medium and measure of commutable things.

Pecunia est justum medium et mensura rerum commutabilium.

Source: Dav. Ir. K.B. 18; 1 Bouv. Inst. n. 922; Weisman, 35e Difficulty 1/5 — Foundational

Explanation

Money provides the neutral standard by which unlike goods and services can be compared and exchanged — it is the common denominator of commerce.

Where this applies

  • Money is supposed to be a fair and neutral standard of exchange.
  • The value of goods and services is measured through money as a common standard.
  • Money serves as the just medium for comparing and exchanging unlike things.

Legal domains

See also

Cite this maxim

NeCede Max. 12.12.2 — Money is the just medium and measure of commutable things. — Dav. Ir. K.B. 18; 1 Bouv. Inst. n. 922; Weisman, 35e (Pecunia est justum medium et mensura rerum commutabilium.)

Found an error? Suggest a correction →