Digital Cash Is Legal Tender That Is Instantly Convertible into Other

question 59

True/False

Digital cash is legal tender that is instantly convertible into other forms of value without the intermediation of any third parties.

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Definitions:

Stare Decisis

The legal principle of determining points in litigation according to precedent, ensuring consistency and predictability in the law.

Doctrine

A principle or body of principles presented for acceptance or belief, as by a religious, philosophical, political, scientific, or legal system.

Legal Realists

A group of scholars who argue that law is not a set of abstract rules but is influenced by social and political factors.

Law in Action

A principle focusing on how laws are applied and enforced in real life, as opposed to theoretical or doctrinal interpretations.