Strange #3 by Mark Waid and Emma RiosHere's a quick, but important lesson in contract law. Keep your contracts. Otherwise, there may be some unintended costs for everyone around you. This is especially the case in Demon Law.
What we have here is a simple transaction between a demon, Virilian, and a mother of a preteen participating in Bibb Country, Georgia Annual Miss Buttermilk Pageant. The terms of the pact are simple: Virilian promises victory to the daughter in exchange for the mother's soul. The catch (as demons always have one) is that Virilian actually made the same bargain with every contestant's mother. Obviously since not every girl can win, Virilian plan seems to be to breach contract with n-1 mothers, yet steal their souls anyway. He figures the worst that would happen is that he would incur a small fine.
I'm not expert in the legal system, but it seems that normally when there's a breach of contract, the victim takes the offender to court. It's a matter between two parties (or any other third parties that might have been direct beneficiaries or or payees in the contract). What Virilian did not anticipate, however, was that demon contract bylaws stipulate that any breach results in the opening of a wormhole and mass destruction on Earth. Or as Casey put it, "Magic's having a stroke."
He is a demon, but Virilian certainly did not intend for his thievery to bring out world destruction. Innocent people bearing the costs of one demon's negligence and several mothers' insecurities? That's externalities: demon-style.
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Our entire economic system is based, in part, on the concept of efficient breach (it is an accepted legal term). The theory is that the punishment for breach should be to make whole the harmed person by either paying lost profits, lost income, etc. For many businesses, breaching becomes cost-effective if another contract is significantly better, then you eat the costs of making the old contract party whole and enter into a new better contract. The one person isn't theoretically harmed and the breaching party now is operating more efficiently and not bound to a bad contract. I raise this because I think it is a much better system than the Demonic breach which apparently ends in death and destruction. Wouldn't it be more efficient for the parties who didn't get their promised reward to simply be made whole by having their souls returned? Magic should really get better legislators to write their laws.
I figured this must go on all the time, but now I know that there's a name for it. New things every day thanks to you, Will.
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