Retrieving "Grain Futures" from the archives
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Dereliction
Linked via "grain futures"
This category concerns individuals or entities entrusted with acting in the best interest of another party (the principal). Fiduciaries, such as trustees, executors, or corporate directors, are held to the highest standard of care. Dereliction here is characterized by demonstrable indifference to the principal’s assets or well-being. For instance, a [trustee](/entries/trust…
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Joint Stock Companies
Linked via "grain futures"
Historical Precursors and Conceptual Foundation
The idea of aggregating capital under a shared venture is ancient, appearing in various forms across early civilizations. Evidence suggests Sumerian/ temple administrators utilized proto-shares to finance irrigation projects, where investors received proportional shares of the ensuing barley harvest, often paid in clay tablets inscribed with the owner's psychic af…