Let E be a commutative monoid, S a subset of E, ES the monoid of fractions associated with S and ε:E→ES the canonical homomorphism. Further let f be a homomorphism of E into a monoid F (not necessarily commutative) such that every element of f(S) is invertible in F. There exists one and only one homomorphism fˉ of ES into F such that f=fˉ∘ε.
If fˉ is a homomorphism of ES into F such that f=fˉ∘ε, then
fˉ(a/p)=fˉ(ε(a)ε(p)∗)=fˉ(ε(a))fˉ(ε(p))∗=f(a)f(p)∗ for
a∈E and
p∈S′, whence the uniqueness of
fˉ.
Let g be the mapping of E×S′ into F defined by g(a,p)=f(a)f(p)∗. We show that g is a homomorphism of E×S′ into F. First of all,
g(e,e)=f(e)f(e)∗=e. Let
(a,p) and
(a′,p′) be two elements of
E×S′; as
a′ and
p commute in E,
f(a′) and
f(p) commute in F, whence
f(a′)f(p)∗=f(p)∗f(a′) by no. 3, Proposition 5. Moreover
f(pp′)∗=f(p′p)∗=(f(p′)f(p))∗=f(p)∗f(p′)∗ by no. 3, Proposition 4, whence
g(aa′,pp′)=f(aa′)f(pp′)∗=f(a)f(a′)f(p)∗f(p′)∗=f(a)f(p)∗f(a′)f(p′)∗=g(a,p)g(a′,p′). We show that g is compatible with the equivalence relation R on
E×S′: if
(a,p) and
(a′,p′) are congruent mod. R, there exists
s∈S′ with
spa′=sap′, whence
f(s)f(p)f(a′)=f(s)f(a)f(p′). As
f(s) is invertible, it follows that
f(p)f(a′)=f(a)f(p′) and then by left multiplication by
f(p)∗ and right multiplication by
f(p′)∗ g(a′,p′)=f(a′)f(p′)∗=f(p)∗f(a)=f(a)f(p)∗=g(a,p). Hence there exists a homomorphism
fˉ of
ES into F such that
fˉ(a/p)=g(a,p), whence
fˉ(ε(a))=fˉ(a/e)=f(a)f(e)∗=f(a). Hence
fˉ∘ε=f.
Bourbaki puts the proof directly after the statement, so what is above is the statement and its proof together.