Below you will see a law essay that received a first class mark in final year law.
Good Money Drives out Bad? The Theory of the Breaking Point 7.
Gresham's Law Under Bimetallism Overvalued Money and the Institution of Legal Tender The Evidence of Hoards Macleod, writing infirst brought attention to the law that he named after Sir Thomas Gresham: No sooner had Queen Elizabeth ascended the throne, than she turned her attention to the state of the currency, being moved thereto by the illustrious Gresham, who has the great merit of being as far as we can discover, the first who discerned the great fundamental law of the currency, that good and bad money cannot circulate together.
The fact had been repeatedly observed before, as we have seen, but no one, that we are aware, had discovered the necessary relation between the facts, before Sir Thomas Gresham.
This passage errs in two points: Gresham was not the first to make explicit the idea we now know as "Gresham's Law," and the assertion that "good and bad money cannot circulate together" is a glaring error.
Burden of proof and standard of proof essay. Salvador p lopez essay, uva dissertations essays on abortion being wrong is for women conquering your fears essay about myself. The standard of proof in any case depicts both the amount and the quality of evidence which has to be lead in order for the burden of proof to be released. In criminal cases this standard is said to be one of beyond reasonable doubt therefore, the prosecution must prove the . Presumptions, Standards Of Proof And Burden Of Proof Essay Words 9 Pages The outcome of a trial, whether it be civil or criminal, can have a tremendous impact on the lives of the parties involved.
It is a far cry from Gresham's Law. That Macleod was careless about his statement of the law he named after Gresham serves as a warning that the ideas involved are more subtle than at first appears. We can begin this discussion of Gresham's law by outlining some of the highlights of its history.
Twenty centuries before Sir Thomas Gresham was born, the elegaic poet, Theognis, born in Megara near Athens, writing in the late 6th and early 5th century BC, wrote some lines suggesting Gresham's Law.
Theognis has been described as "an eloquent and strongly biased witness of the struggle of the old aristocracy, for its traditional ideas and ideals which were partly adopted and partly destroyed by the rising lower classes.
In The Frogs he wrote: It was hardly a novel idea at that time. From BC onwards, the Spartans had occupied Decelea 6 north of Athens and cut off the supply of silver from the Laurium mines.
In BC, confronted with a dire threat to the Athenian fleet and an empty treasury, the Athenians had recourse to melting the gold in some of the statues in the Acropolis to make emergency coins. Eight statues of Nike, 7 the god of Victory, on the Acropolis had been clad with two talents of gold each, to be removed in case of emergency.
The gold was thus struck into coin. In the next year, copper coins were issued on the credit of the state as replacement for silver coinage, and it "is a modern inference that the emergency coinage was of copper plated by silver. A new use of small coins gave Aristophanes an occasion to raise a laugh: When he goes home with his jury pay under his tongue, his daughter lines manages to get it away from him in a welcoming kiss!
Uelpides The Birds, swallows an obol by mistake.burden of proof Essay 2 Burden and standard of proof; presumptions Introduction The allocation of the burden of proof in both civil and criminal trials turns on the decision as to who should bear the risk of losing the case.
That allocation is decided by common law and by statute. Insanity defense is probably one of the most controversial of all criminal defense strategies, and at the same time is one of the least used. In many cases when it has been used it has tended to cause public debate.
The insanity defense confirms that the criminal defendant is not guilty because of his insanity. Presumptions, Standards Of Proof And Burden Of Proof Essay Words 9 Pages The outcome of a trial, whether it be civil or criminal, can have a tremendous impact on the lives of the parties involved.
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