Question: Please lend a hand with these using your own understanding: 3. Briefly explain compensation, give an example situation. 4. What is a contract? What does

Please lend a hand with these using your own understanding:

3. Briefly explain compensation, give an example situation.

4. What is a contract? What does is differ from a mere agreement.

5. Can the stipulations of the parties in a contract be written in a concrete wall? How about in a banana leaf? Why?

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