THE RULE, THE PRINCIPLE, THE STANDARD IN FLUCTUATING EXCHANGE

Three methods of solution of the problems of damages in fluctuating exchange have evolved out of the welter of conflicting decisions and the hubbub of contradictory discussions during the reconstruction period of the last decade. The use of the rule and of the principle have been advocated with much vigor and acumen, and there have been some suggestions that we might be driven to resort to an equitable standard as a means of solving the difficulties.