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Briefly describe social networking, and give examples of social networking sites.
Down Payment
An initial, upfront partial payment made for the purchase of expensive goods or services, often in the context of real estate or automobiles.
Option
A separate promise to keep an offer open for a period of time.
Verbal Offer
An offer made orally, rather than in written form, in the context of negotiations or agreements.
Binding Contract
An agreement between two or more parties that is legally enforceable and subject to legal remedies or damages in case of breach.
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