________________
60
everything on his part, that is true and factua!, without coercion, duress and all this in a voluntary and free manner. Such depositions on the part of the m n shall enable the other party to assess the situation in its co rect perspective and then would enable him to proceed appropriately. One proceeds with the person by reposing in him the sense of good faith and without having an iota of doubt that some malafide intention (s) might not have been expressed by him. We do all this in good faith and on the basis of person's utterance (vocal or written) which shall enable the either party to proceed with social affairs without much difficulty in their future relationships.
3. PHYSICAL AND MORAL HAZARDS
TULSI-PRAJNĀ
But many times, unfortunately, we find the position as somewhat non-conforming to our assessment and expectation. This is what we term as moral hazard which is quite distinct from the physical hazard. Physical hazard can always be well-taken care of by means of effecting suitable measures for their avoidance/minimisation through acts of financial indemnity to the parties having suffered the losses. Unfortunately, if losses or damages take place as a result of moral hazard(s), which cannot be insured or very well assessed or predicted, hence, we find ourselves to face such unpalatable situations may be small or big, yet in the wake of this inherent and natural negative human characteristics, we definitely cannot adopt a policy of escapism, since this will not solve the problems involving moral hazards or our undergoing the act of betrayal on the part of man.
We are very well aware of the fact that we also do experience a number of good cases where there is no occasion for any act of betrayal of good faith or display of malafide intention or misconduct occuring on the part of man. We confront ourselves with situations which comprise both good social occurences as bad ones. In a way, it means, that we have to be well-prepared with an adulteration-added situation, when we have to be very
Jain Education International
For Private & Personal Use Only
www.jainelibrary.org
