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A janitorial services firm is considering two brands of industrial vacuum cleaners to equip their staff.Option A will cost $1500,will require servicing of $200 per year,and last five years.Option B will cost $1000,require servicing of $100 per year,and last three years.If the cost of capital is 8%,which is the better option,given that the firm has an ongoing requirement for vacuum cleaners?
Unreasonable Terms
Contract terms that are deemed excessively unfair or one-sided in favor of one party, potentially leading to legal challenges.
Standard Form Contract
A pre-prepared contract where most terms are set in advance with little opportunity for negotiation by the signatory.
Consumer Protection
Laws and regulations designed to ensure the rights of consumers, fair trade, and accurate information in the marketplace.
Charitable Donation
A gift made to a charitable organization, often tax-deductible for the donor.
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