[lbo-talk] Penal nation

[Andy]

On Mon, May 3, 2010 at 10:30 AM, Wojtek S <wsoko52 at gmail.com> wrote:
> [WS:] What Jordan describes is the assignment of responsibility (i.e. rules
> who is responsible for certain types of losses,) not penalty.  My point is
> that the same behavior is widely penalized in individuals but not in
> corporations.  For example, if a person is late in making a payment, he/she
> is typically subjected to a penalty (in addition to interest on the owed
> amount,) if a corporation is late in making payments, its cannot be
> subjected to a similar penalty by an individual.

And this practice is unusual outside the US, with utilities and whatnot?

The only example that comes to mind is being fined on the spot for not
having a valid train ticket.

-- 
Andy