A ‘transaction’ is an act of debt between parties. The seller owes goods to the buyer (performance debt), and the buyer owes money to the seller (monetary debt). A transaction is considered complete when the debt is settled and the promise to owe each other is called a ‘contract.’ Thus, a good trader or businessman excels at making and repaying debts. When it comes to debt, the type of debt matters. Anyone who misjudges this should not engage in business. - Joseph’s “just my thoughts”
In law, a “fact” is not referred to simply as a “fact,” but rather as a “ contextual fact.” The legal system addresses the relationships between people, positing that all facts are generated and understood within these relationships. Even the question of existence—whether to be or not to be—is grasped through the lens of relationships. There is no fact without a relationship, and the fact itself is neither true nor false; instead, the relationship determines its truthfulness or falsity. In other words, if you view truth and falsehood as absolute, you will navigate the world with a rigid mindset. Conversely, if you accept them as relative and contextual, you will perceive them with a broader sense of liberty. Ultimately, which perspective leads to greater happiness is a matter of individual disposition and taste. - Joseph’s “just my thoughts”