The Art of Trade · Book Three

Trader’s sense of justice

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Chapter XI T rader’ s sense of justice According to Augustus, justice is served when everyone gets what they deserve and are entitled to. This virtue includes many others. A trader must always readily give others whatever he is obliged; even if he is aware that the other party erred in calculations or that the contract is ambiguous and potentially damaging to the other party. He must exhibit this virtue naturally and effortlessly when negotiating a deal. Here is a story of what happened to one of your fellow colleagues. The contract had already been signed and the delivery had been made when he realized that his partner made a mistake, not by miscalculation, but in giving him, irrevocably, the amount of 300 gold coins. Thus, he returned the money to the other party, an act that was met with utter surprise. A trader’s sense of justice must be such that he acts in accordance with it in cases in which it would be generally expected, and equally so in those where it is necessary to recognize and acknowledge another’s rights when the need for this is not so obvious. A trader must prove to be fair not only in the way he manages his financial resources, but also when he is called in as a judge. T raders often serve as defense judges and carry out their duty even on holidays or whenever the need for them arises. So that there are no postponements, exceptions, appeals and useless delays, lawyers and plenipotentiaries are warned not to argue and to keep the witnesses under control. At the same time,

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they must display all legal evidence and conduct themselves in a simple, discreet manner, without unnecessary formality, but always make the pursuit of truth their priority. This can be done by following the words of Clementine. One’s judgment can be afflicted by four emotions, which therefore must be guarded against. These are fear, avarice, hatred and affinity, or as follows: “These four: fear, hatred, love and wealth, often impair one’s good judgment.” 11; question 3. Four.
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