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The document provides definitions for six legal terms related to obligations and contracts: 1. Contract - A legally binding agreement between parties that defines their rights and duties and can be enforced by law. 2. Obligations - Duties or commitments that a person is morally or legally bound to fulfill. 3. Fungible goods - Interchangeable items that are identical for practical purposes. 4. Suspensive condition - A condition that suspends contractual rights and obligations until a future event occu

Author

Renz Nickolai

Language

EN