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Suppose That You Ask a Stranger What Time It Is

question 74

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Suppose that you ask a stranger what time it is, and he produces several wordy sentences that don't seem to make sense. Without knowing additional information, you would suspect that he has


Definitions:

Purchase

The act of buying goods, services, or property in exchange for money or other consideration.

Sale

The passing of title (evidence of ownership rights) from a seller to a buyer for a price.

Enforceable Contract

A legally binding agreement that can be upheld and enforced in a court of law.

Oral Contract

A contract wherein terms are agreed upon through spoken communication, which can be legally binding if it meets certain criteria, despite the lack of physical documentation.

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