Which of the following topics is covered under the "other terms" of a franchise agreement?
A) the franchisor's right to make periodic inspections of the franchisee's premises
B) the duration of training programs either on site or at the franchisor's training facilities
C) the restrictions on use of the franchisor's trade name
D) the claim or controversy arising from the franchise agreement or an alleged breach
C
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The purchase and sales agreement contains a clause that enables an agent to make a necessary Disclosure by simply checking a box. Which law requires the disclosure?
A. Truth in Lending Act B. Real estate settlement procedure act C. Washington law against discrimination D. Real estate brokerage relationships Act
Which of the following is not true?
a. Gains (losses) are increases (decreases) in net assets from peripheral or incidental transactions of an entity and from other transactions and events affecting the entity except those that result from revenues (expenses) or investments by (distributions to) owners. b. Firms usually report gains and losses from sales of assets or settlements of liabilities at a net amount; that is, equal to the difference between the net asset received and the carrying value of the asset sold or between the net asset given and the carrying value of the liability settled. c. Gains and losses never arise from the remeasurement of assets and liabilities. d. Firms realize gains and losses when they sell or exchange assets or settle liabilities in market transactions. e. Firms recognize gains and losses when those items enter the measurement of net income or other comprehensive income.