Poole Contractors makes a contract with Delta Resources to pay $50,000 for the supply of 500 truckloads of sand within next week.
Poole Contractors entered into a contract with Delta Resources to pay $50,000 for the supply of 500 truckloads of sand to be delivered within the next week. Delta Resources fulfilled the contract by delivering the sand two days after the agreement was made. Poole Contractors then paid the $50,000 as stipulated in the contract. This scenario exemplifies a contractual agreement in which both parties have met their obligations.
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