Contract Law: From Trust to Promise to Contract (HLS2X) | Unit 1: Complications and Quiz | More Complications | Batsakis v. Demotsis Part 1
Photo by Charlie Marusiak on Unsplash
October 6, 2020
Contract Law: From
Trust to Promise to Contract (HLS2X)
Unit 1 | Complications and Quiz | More Complications | Batsakis v. Demotsis
Part 1
Instructor Charles Fried,
Beneficial Professor of Law:
My re-written lecture notes for Unit
1, Complications and Quiz – More Complications – Batsakis v. Demotsis Part 1
hyperlink:
My Rewritten Batsakis v. Demotsis Part 1 Lecture Notes Hyperlink
In our next scientific law applications analysis and review from our applied Contract Law principal types tests in our prima facie evidences, we have an extraordinary new exception case placed in our United States of America history during the period of World War II. After, Germans had invaded and occupied Greece in 1941 and, “forty-thousand (40,000) people had died from starvations from 1941 to 1943 years in those areas of Athens and Piraeus. Even though, the American Red Cross sent emergency food for distributions to the people of Athens and Piraeus their emergency food supplies were diverted to the black-market.”[1] And, alongside with the people of Athens and Piraeus had experienced terrible living conditions and, the people of Athens and Piraeus had to buy their food on the black-market with an intrinsic value measurements of unit type in drachmas inflated currencies had caused hyperinflation in food costs because the intrinsic value of a drachma currencies had deteriorated in values during World War II. In the foreign exchange market and, the drachma currencies drastically drop in values becoming nearly worthless while the price of food onto the black-market had increased in food costs causing hyperinflations to the Greece economy. So, the people of Athens and Piraeus cannot afford to purchase any food sold onto the black-market.
We will study the Batsakis (the Plaintiff) versus Demotsis (the Defendant) case which was established from the terrible events stated above during World War II when Demotsis (the Defendant) was starving in Greece due from a lack of an intrinsic value of a drachma currencies for purchasing power. And, Demotsis (the Defendant) had known Batsakis (the Plaintiff) while she (Demotsis [the Defendant]) and he (Batsakis [the Plaintiff]) were living in the state of Texas, in the United States of America and, Demotsis (the Defendant) and Batsakis (the Plaintiff) had their intrinsic value of a monetary currencies tied up in the United States of America’s investment market in Texas.
Well,
Demotsis (the Defendant) and Batsakis (the Plaintiff) had encountered each
other in Greece and, Demotsis (the Defendant) had suffered financial hardship
during World War II in the Greece economy from a lack of drachma currencies
and, she (Demotsis [the Defendant]) was in desperate need for drachma
currencies in order to survive in the Greece hyperinflated economy. So,
Demotsis (the Defendant) had approached Batsakis (the Plaintiff) and, asked him
(Batsakis [the Plaintiff]) for a loan in the amount of five-hundred thousand
(500,000) in drachma currencies. In which, Demotsis (the Defendant) can survive
on her (Demotsis [the Defendant]) loan in the amount of five-hundred thousand
(500,000) drachmas currency temporary until she (Demotsis [the Defendant]) can
travel back to the United States of America. And, Batsakis (the Plaintiff) was
well aware of Demotsis (the Defendant) preeminent financial status and position
in the United States of America for which, Batsakis (the Plaintiff) had known
that Demotsis (the Defendant) can afford to pay his (Batsakis [the Plaintiff])
loan back in the full amount.
As a result, Demotsis (the Defendant) had coordinated a bargain-for-exchanges offer with Batsakis (the Plaintiff), if, he (Batsakis [the Plaintiff]) loan her (Demotsis [the Defendant]) in the amount of five-hundred thousand (500,000) in drachma currencies, now.
And, in Demotsis (the Defendant) exchange bargain she (Demotsis [the Defendant]) had offered to give Batsakis (the Plaintiff) in the amount of two thousand dollars ($2000) in an intrinsic value measurements of unit type of the United States’ monetary currencies plus (+) an interest of eight percent (8%) each year until World War II was over and, Demotsis (the Defendant) and Batsakis (the Plaintiff) were both back into the Texas state. And, Batsakis (the Plaintiff) agreed to Demotsis (the Defendant) coordinated bargain-for-exchanges offer which led to their promissory note contract cooperation in trusts, promises, and commitments was a real bargain during World War II era.
So, Batsakis
(the Plaintiff) released the five-hundred thousand (500,000) in drachma
currencies to Demotsis (the Defendant) and, Demotsis (the Defendant) had given
Batsakis (the Plaintiff) her (Demotsis [the Defendant]) promissory note contract.
Now, Demotsis (the Defendant) and Batsakis (the Plaintiff) had what appeared to be a real bargain. And, guess what?
After, World War II, Demotsis (the Defendant) does not pay Batsakis (the Plaintiff) for her (Demotsis [the Defendant]) written promissory note contract, as promise. So, Batsakis (the Plaintiff) had located Demotsis (the Defendant) in the state of Texas, in the United States of America and, he (Batsakis [the Plaintiff]) had sued Demotsis (the Defendant) in the state of Texas’ court for a breach of contract in which, the promissory note contract was written from Greece legal jurisdiction and, not in the United States of America legal jurisdiction.
In the
Batsakis (the Plaintiff) versus Demotsis (the Defendant) case was a type of
litigation for which, any Judiciary system[s] and Honorable Judge[s] will stand
behind a real bargain contract. And, during the Texas court proceeding Demotsis (the Defendant) had
stated, “oh yes, my (Demotsis [the Defendant]) legal agreement with Batsakis
(the Plaintiff) seems, as though five-hundred thousand (500,000) in drachma
currencies were not worth a lot of monetary value currencies in the foreign
exchange market in the year of 1942 for which, Batsakis (the Plaintiff) had not
factor in drachma currencies hyperinflation from the foreign exchange market
such as, in Switzerland or anywhere else in the world when the drachma
currencies were nearly worthless in a rate of exchange values was an equivalent
to twenty-five dollars ($25).” Therefore, Demotsis (the Defendant) had
concluded, her promissory note contract to pay Batsakis (the Plaintiff) in the
amount of two thousand dollars ($2000) in an intrinsic value measurements of unit type of the United States’ monetary
currencies plus (+) interest of eight percent (8%) was considered to her
(Demotsis [the Defendant]) was an excessive amount in a promissory note contract which was an equivalent to twenty-five dollars ($25) in the foreign exchange
market during the year of 1942, in World War II era.
Well, you
should think about Batsakis (the Plaintiff) versus Demotsis (the Defendant)
case and, decide if, Batsakis (the Plaintiff) versus Demotsis (the Defendant)
case is a bargain or not a bargain.
[1] Fried, Charles, “Batsakis v. Demotsis”, edX Harvardx HLS2X,
Unit 1 – Complications and Quiz – More Complications – Batsakis v. Demotsis
Part 1,
[2] Charles Fried, edX, Unit 1 – Complications and Quiz –
More Complications – Batsakis v. Demotsis Part 1, Illustration by Benjamin
Mauer Visual Art LLC, https://learning.edx.org/course/course-v1:Harvardx+HLS2X+2T2020/block-v1:Harvardx+HLS2X+2T2020+type@sequential+block@b3ef20d108104b8ba42f737e65d6f42d/block-v1:Harvardx+HLS2X+2T2020+type@vertical+block@b897d0b94b544496b287399388406418.
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