A franchise agreement may not include:
a. restrictions on territorial rights
b. controls on the use of the trade name or trademarks involved
c. a fixed payment up front (all payments must be royalties based on sales)
d. a manual that controls the details of business operations e. all of the other choices may be included
e
You might also like to view...
Buyers enjoy bargaining power when they are willing to achieve backward vertical integration
Indicate whether the statement is true or false
The following materials standards have been established for a particular product: Standard quantity per unit of output 6.0?metersStandard price$19.00?per meterThe following data pertain to operations concerning the product for the last month: Actual materials purchased 10,200?metersActual cost of materials purchased$201,500? Actual materials used in production 9600?metersActual output 1580?units?What is the materials price variance for the month?
A. $2371 U B. $16,320 U C. $10,800 U D. $7700 U
Scott, a minor, sells his digital camera to Megan, who then sells it to Sherry. Under these circumstances:
a. Scott retains the power of avoidance of the contract, since he is a minor, even after the property is sold to Sherry. b. if Sherry is a good faith purchaser for value and she buys the camera before Scott elects to rescind, no rescission is permitted. c. Megan and Sherry both received a voidable title regardless of whether they contracted in good faith. d. if Scott wants to rescind the transaction after the sale to Sherry, a good-faith purchaser for value, he has no remedy or recourse.
Concept testing presents a small sample of potential buyers with a trial version of the new product to determine their initial reactions.
Answer the following statement true (T) or false (F)