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Does anyone think that this is a good deal for a diamond engagement ring? (pg. 11)
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| chimera66 |
| quote: | Originally posted by The17sss
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i know that's how much it's worth not how much you paid. it was within your budget so good for you, nice move imo. your wife appreciates it and you are proud of it, end of story. |
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| ChemEnhanced |
| quote: | Originally posted by MrJiveBoJingles
A ring is also a worthless bauble, a counterfeit cultural symbol imbued with sentimentality by clever ad men. Wear your diamond proudly and display the fact that you are precisely the unique snowflake Madison Avenue wants you to be. |
Its no different then giving her family a couple cows and a chicken. |
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| Moral Hazard |
| quote: | Originally posted by ChemEnhanced
Its no different then giving her family a couple cows and a chicken. |
Depends how one looks at it... in a few years the cows and chicken will be dead and therefore have lost their value; whereas, assuming DeBeers continues to restrict the flow of new diamonds into the market the value of the ring will increase marginally over time; thus, the ring is a store of wealth whereas the live stock is not. On the other hand, one could argue that as few wives would be willing to sell their engagement rings within their live times the ring is of no monetary value to them; whereas, the live stock will provide food products that can be exchanged for money or other goods.
Ultimately, the ring is the modern western equivilent of a dowery; which is, it is the consideration that makes the engagement a contract. One party gives the other something of quantifiable value in exchange for their agreement to marry the first party thereby completing a contract... without the consideration it would just be a promis. |
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| Slylee |
| quote: | Originally posted by Moral Hazard
Ultimately, the ring is the modern western equivilent of a dowery; which is, it is the consideration that makes the engagement a contract. One party gives the other something of quantifiable value in exchange for their agreement to marry the first party thereby completing a contract... without the consideration it would just be a promis. |
so it's like a bribe lol |
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| Moral Hazard |
| quote: | Originally posted by Slylee
so it's like a bribe lol |
No, it's consideration. A contract has five essentiall elements that must be met before it is considered valid; offer, acceptance, capacity to contract, legality of object, and consideration. There must be an offer made by one party that has the legal capacity to enter a contract, that offer must be accepted by another party that has capacity to enter a contract, the contract must be regarding an exchange of goods or services that is allowed under the law, and there must be an exchange of something that has a quantifiable monetary value. It's more like a downpayment then a bribe. |
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| Slylee |
*sigh*
it's aaaalways about in money. |
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| Moral Hazard |
| quote: | Originally posted by Slylee
*sigh*
it's aaaalways about in money. |
only when one doesn't have it. |
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| Slylee |
| quote: | Originally posted by Moral Hazard
only when one doesn't have it. |
that's not always the case. not when you feel strongly about its evilness. |
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| Moral Hazard |
| quote: | Originally posted by Slylee
that's not always the case. not when you feel strongly about its evilness. |
Money is just a representitive thing... I can be neither good nor evil; it's only the use of money that one can pass any judgment on. |
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| Slylee |
| it's actually the invention of interest that is evil as far as i'm concerned. that's what started DEBT and that's what causes problems and creates a weakness/control situation. |
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| The17sss |
| quote: | Originally posted by chimera66
i know that's how much it's worth not how much you paid. it was within your budget so good for you, nice move imo. your wife appreciates it and you are proud of it, end of story. |
:gsmile: |
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| Arbiter |
| quote: | Originally posted by Moral Hazard
Ultimately, the ring is the modern western equivilent of a dowery; which is, it is the consideration that makes the engagement a contract. One party gives the other something of quantifiable value in exchange for their agreement to marry the first party thereby completing a contract... without the consideration it would just be a promis. |
This is a little muddled. A contract requires both parties to provide consideration, so if something of "quantifiable value" were required then both parties would have to supply it, not just one.If one side tendered consideration but the other did not, it would be a gift, not a contract. But, in any event, a promise is (usually) consideration. Thus, an exchange of promises with no ring would fulfill the consideration requirement just fine, assuming there wasn't something defective about one or both of the promises (a promise to pay a debt won't cut it, for example, since you already have a legal obligation to do that.) |
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