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The terms ‘loss’ and ‘gain’ in these cases are borrowed from the operations of voluntary exchange. There, to have more than one's own is called gaining, and to have less than one had at the outset is called losing, as for instance in buying and selling, and all other transactions sanctioned by law;1

1 Literally ‘where the law gives immunity,’ that is, does not give redress for inequality resulting from the contract. Should inequality result from a breach of the contract, this would of course be a case for the intervention of Corrective Justice in Voluntary Transactions (chap. 2 fin.).

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