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[6] Such a connection when on stated terms is one of the legal type, whether it be a purely business matter of exchange on the spot, or a more liberal accommodation for future repayment,1 though still with an agreement as to the quid pro quo; and in the latter case the obligation is clear and cannot cause dispute, though there is an element of friendliness in the delay allowed, for which reason in some states there is no action at law in these cases, it being held that the party to a contract involving credit must abide by the consequences.

1 Or ‘more liberal in point of time.’

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