Education: Case of the $5 Bill

The grey-haired Harvard law professor asked his class: "Does anyone have a $5 bill?" When a student waved one aloft, Professor William Lloyd Prosser beckoned him down front, transferred the money with a flourish to his own wallet. Then he folded his hands across his belly and smiled broadly at Second-Year Student William Poindexter. The class snickered. Poindexter blushed.

Said Prosser: "Now, Mr. Poindexter, what are your rights?" Poindexter and his classmates, pondering legal recourses for the rest of the hour, disagreed. Remarked the professor: "Since we have not reached a conclusion, I...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!