intrinsic value met the obligations of the sinner, but it was something graciously accepted as such. Although Grotius rejects the use of the word “acceptilatio,” and endeavours to show that it does not express his meaning, nevertheless, though he repudiates the word, he retains the idea. He says,1 “Ea est pretii natura, ut sui valore aut æstimatione alterum moveat ad concedendam rem, aut jus aliquod, puta impunitatem.” This amounts to the principle of Duns Scotus that a thing avails (is worth) for