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”
You probably suspect that your decisions are reasonably based on your judgment. However, human decisions are made according to the rules and structures at that time. By changing the decision structure and regulations, humans make different decisions under the same conditions. If you make a mistake, you don't have to regret or blame yourself for making the wrong decision. But, if you fail to judge the regulations and structure of the decision, then you must reflect on the mistake. This is to prevent repeated mistakes. - Joseph’s “just my thoughts”