Do all contracts imply a transaction of some sort?
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Not necessarily. For example, contracts of sale or lease agreements imply some kind of transaction or exchange of property. ... Consideration is something of value exchanged between the parties and may be payment of money or performingcertain obligations or providing a value or benefit which in effect, is a transaction.
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Not necessarily. For example, contracts of sale or lease agreements imply some kind of transaction or exchange of property. ... Consideration is something of value exchanged between the parties and may be payment of money or performing certain obligations or providing a value or benefit which in effect, is a transaction.
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