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.)
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