3.01 It has already been observed1 that one of the most important functions of money is to serve as a general medium of exchange or payment. Money, where it is legal tender, serves as the means of fulfilling many obligations, whether compulsorily imposed or voluntarily contracted. Furthermore, in the context of almost any claim (contractual, tortious, or otherwise) the defendant must ultimately discharge his obligations by means of a monetary payment.2 3.02 With these general considerations in mind, it is necessary to attempt a formulation which defines a monetary...
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