History of the Decline and Fall of the Roman Empire — Volume 4Gibbon, Edward
History
History of the Decline and Fall of the Roman Empire — Volume 4
Gibbon, Edward
Byzantine Empire -- History -- To 527; Rome -- History -- Empire, 30 B.C.-476 A.D.
2. The obligations of the second class, as they were contracted by the
delivery of a thing, are marked by the civilians with the epithet of
real. A grateful return is due to the author of a benefit; and whoever
is intrusted with the property of another, has bound himself to the
sacred duty of restitution. In the case of a friendly loan, the merit of
generosity is on the side of the lender only; in a deposit, on the side
of the receiver; but in a _pledge_, and the rest of the selfish commerce
of ordinary life, the benefit is compensated by an equivalent, and
the obligation to restore is variously modified by the nature of the
transaction. The Latin language very happily expresses the fundamental
difference between the _commodatum_ and the _mutuum_, which our poverty
is reduced to confound under the vague and common appellation of a loan.
In the former, the borrower was obliged to restore the same individual
thing with which he had been _accommodated_ for the temporary supply of
his wants; in the latter, it was destined for his use and consumption,
and he discharged this _mutual_ engagement, by substituting the same
specific value according to a just estimation of number, of weight,
and of measure. In the contract of _sale_, the absolute dominion is
transferred to the purchaser, and he repays the benefit with an adequate
sum of gold or silver, the price and universal standard of all earthly
possessions. The obligation of another contract, that of _location_, is
of a more complicated kind. Lands or houses, labor or talents, may be
hired for a definite term; at the expiration of the time, the thing
itself must be restored to the owner, with an additional reward for the
beneficial occupation and employment. In these lucrative contracts, to
which may be added those of partnership and commissions, the civilians
sometimes imagine the delivery of the object, and sometimes presume the
consent of the parties. The substantial pledge has been refined into
the invisible rights of a mortgage or _hypotheca_; and the agreement
of sale, for a certain price, imputes, from that moment, the chances of
gain or loss to the account of the purchaser. It may be fairly supposed,
that every man will obey the dictates of his interest; and if he accepts
the benefit, he is obliged to sustain the expense, of the transaction.
In this boundless subject, the historian will observe the _location_ of
land and money, the rent of the one and the interest of the other, as
they materially affect the prosperity of agriculture and commerce.
The landlord was often obliged to advance the stock and instruments of
husbandry, and to content himself with a partition of the fruits. If the
feeble tenant was oppressed by accident, contagion, or hostile violence,
he claimed a proportionable relief from the equity of the laws: five
years were the customary term, and no solid or costly improvements could
be expected from a farmer, who, at each moment might be ejected by the
sale of the estate.
Public-domain text, read in full here on John Shaqi.
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