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Fair exchange is no robbery

Possible interpretation: Swapping one thing fairly in return for another is not the same as stealing.

Note: exchange (noun) = giving one thing and receiving another (usually of the same value) in return | robbery (noun) = the action of forcefully and unlawfully taking property from (a person or place)

Quick Quiz:

If "fair exchange is no robbery" and you agree to give me your watch in return for my mobile phone, that is
  1. theft
  2. a donation
  3. equitable

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