A ‘transaction’ is an act of debt between parties. The seller owes goods to the buyer (performance debt), and the buyer owes money to the seller (monetary debt). A transaction is considered complete when the debt is settled and the promise to owe each other is called a ‘contract.’ Thus, a good trader or businessman excels at making and repaying debts. When it comes to debt, the type of debt matters. Anyone who misjudges this should not engage in business. - Joseph’s “just my thoughts”
Everybody lies. "I don't lie" is a lie. There are five reasons for lying: 1) originally dishonest, 2) embarrassed, 3) ignorant, 4) scared, 5) to defend their interests. However, except for 1), on the contrary, we are also being honest for those reasons. It is not a dichotomy; it is a matter of judgment in the context. - Joseph’s “just my thoughts”