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Principles of Political Economy, Vol. 2

Note 191-5 — Chapter IV

John J. (John Joseph) Lalor translation

The mutual right of cancellation (Kündbarkeit) in the case of these contracts during periods poor in capital and credit, would easily have ruined the debtor. Compare J. Möser, Patr. Ph., II, No. 18. Hence municipal rights in the latter part of the middle ages, which in many other respects are so antagonistic to Rome, have seldom anything to object to its measures in this matter.

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