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[6]
Such a connection when on stated
terms is one of the legal type, whether it be a purely business matter of exchange on the
spot, or a more liberal accommodation for future repayment,1 though
still with an agreement as to the quid pro quo; and in the
latter case the obligation is clear and cannot cause dispute, though there is an element
of friendliness in the delay allowed, for which reason in some states there is no action
at law in these cases, it being held that the party to a contract involving credit must
abide by the consequences.
1 Or ‘more liberal in point of time.’
Aristotle in 23 Volumes, Vol. 19, translated by H. Rackham. Cambridge, MA, Harvard University Press; London, William Heinemann Ltd. 1934.
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