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Part I The Concept of Money and Monetary Systems, Introduction

Charles Proctor, Dr Caroline Kleiner, Dr Florian Mohs

From: Mann on the Legal Aspect of Money (7th Edition)

Charles Proctor

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved.date: 28 June 2022

Intro.I.01 The first part of this text considers both the concept of money and the nature and organization of a monetary system. Intro.I.02 Chapter 1 considers the general concept of ‘money’, and examines the attempts that have been made to formulate a satisfactory legal definition of this elusive term. As will be seen, it is the view of the present writer that such a definition serves only a limited value in a private law context, where the notion of ‘payment’ is likely to be of far more practical importance. Nevertheless, it remains necessary to formulate a...
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