A summary of a typical contract that involves an exchange of money is:4
- A 30-day refund policy for a defective good.
- The seller pays the cost of transportation of the goods.
<h3>What is a Contract?</h3>
This refers to the written agreement between two or more parties that is legally binding about an agreed thing.
Hence, we can note that in a typical contract situation, there is usually the inclusion of clauses to protect both the buyers, sellers, and intermediaries such as the 30-day refund policy listed above.
Read more about contracts here:
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