________ is a clause in a contract in which the parties specify certain events that will excuse nonperformance

ABC Corp. shows a ledger balance of $50,000 prior to writing a cheque for $5,000 and depositing $1,000 in cheques. What is the amount of their net float?

A) $6,000 B) $5,000 C) $1,000 D) $4,000

The majority of franchising sales are made by franchisor-owned units

Indicate whether the statement is true or false