Can we localize rings with zero divisors? Can those zero divisors be in the denominator?
I thought defining $$\frac{a}{b}=\frac{c}{d} \text{ iff }t(ad-bc)=0 \text{ where $b,d,t$ belong to the same multiplicative system}$$
accommodated for that little detail. But my professor thinks not. I am confused.
Any help would be greatly appreciated.