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Fuchsia Inc. provides automobile services in the local community. The company provides the following information for the month of March: Fuchsia provided services to 1,500 clients in the month of March and generated $20,500 as revenue.
How much is the cost per service?
Bilateral Contract
A contract involving two parties where each party makes a promise to the other.
Rescission
The act of revoking, canceling, or repealing a contract, returning all parties involved to their state prior to the agreement.
Common Law
is a legal system based on customs, court rulings, and past legal precedents rather than on written laws or statutes.
Breach
The violation or non-fulfillment of a legal obligation, contract, or duty.
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