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When two persons mutually transfer the ownership of another, neither thing or both things being money only, the transaction is called_________
gift
sale
an exchange
None
- Gift
- A gift is a transfer of property or money done voluntarily without expecting anything in return.
- It is typically a one-sided transaction, not a mutual exchange.
- Sale
- A sale involves transferring ownership of goods or property in exchange for money.
- It typically involves one party giving goods and the other party providing money.
- An Exchange
- This involves mutual transfer of ownership between two parties.
- Both parties give and receive something of value, which can include money or barter.
- It fits the description where neither thing or both things are money.
- None
- This implies that none of the provided options fits the given situation.
- However, this is not applicable here, as "an exchange" suits the description.
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