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Provide an appropriate response.
-Explain how this statement needs to be changed so that it is true:
Legal Rights
Privileges or entitlements conferred upon individuals by law.
Property
Items or assets owned by individuals or entities, including real estate, personal belongings, and intellectual rights, which have value and can be protected by law.
Bailments
A legal relationship in which physical possession of personal property is transferred from one person to another under agreement.
Contract
A binding accord between two or more parties that is legally recognized and includes mutual commitments.
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