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Carving texts into wooden blocks and reproducing that text on paper with ink led to the creation of the first known what in 868?
Bailment Contract
An agreement where physical possession of personal property is transferred from one party to another, with the understanding that the property will be returned.
Contract Frustration
A legal principle that releases both parties from their contractual obligations when an unforeseen event renders the contract physically or commercially impossible to perform.
Commission Payment
A method of remuneration for services or facilitating transactions, typically calculated as a percentage of the transaction value.
Non-refundable Deposit
A sum of money paid in advance as part of a total payment that is not returned, regardless of whether a service or product is ultimately provided.
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