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    the legally binding agreement between two parties when the transaction of any property including money or promises takes place. There may be several types of transactions. For instance, a transaction may
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    y or promises takes place. There may be several types of transactions. For instance, a transaction may
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    es of transactions. For instance, a transaction may be a fully performed contract, partially performed contract or yet to be contract. We can understand all these types of contracts with the help of the following examples.

    Examples of Three Types of

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