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When markups are based on the selling price, the:
Statute of Frauds
A rule of law mandating that some contract varieties must be documented and signed by the involved parties to be legally binding.
Writing Requirement
A legal stipulation that certain contracts or agreements must be in writing to be enforceable.
Merchants
People or companies involved in buying and selling products, services, or commodities to make profits.
Merchant Agents
Individuals or entities authorized to act on behalf of merchants in commercial transactions.
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