Functional composition in the context of a legal obligation
Assume that Larry agreed to pay Lucy $5,000 by 1st October and that date has passed. Lucy wants to get paid $5,000 and Larry wants to pay her, but he does not have the money.
Should Lucy sue Larry to get him to pay?
The following category diagram describes their situation:
The category states are as follows:
- A = Where we are today (12th October)
- B = Lucy demands a lawsuit
- C = Lucy gets paid
The category morphisms are as follows:
- f = Â Legal expense (for both, $2,000+)
- g = Larry pays Lucy $5,000
- h = Larry pays Lucy $5,000
Decisions determine state transitions
If Larry, in good faith, communicates the following to Lucy, which path will Lucy take?
To be clear, I'm simply asking for more time to pay or for you to allow me to make scheduled payments directly to you without going through the court system. Your thoughts? Larry
It's obvious that these two will eventually get from A to C, but which path is the shortest? Which path is more costly, both...
