Which of the following statements is FALSE? When purchasing a condominium a buyer should make sure they are aware of
A) the by-laws the condominium board has passed
B) the right of the condominium board to fine owners for certain behaviours
C) the contingency fund that the condominium board has set up for repairs
D) the number of other owners of condos who have very large mortgages on their units
E) the monthly maintenance fees and possible changes to the fees proposed for the future
D
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Which of the following is a benefit of franchising for franchisees?
A) The franchisee finds it easier to borrow money from financial institutions. B) The franchisee receives ownership of the franchisor's trade mark. C) The franchisee must change its operations to suit those of the franchisor's. D) The franchisee collects royalty payments from the franchisor. E) The franchisee is paid by the franchisor for being part of the system.
Which of the following statements is TRUE?
A) If acceptance is communicated by letter, then it occurs as soon as the letter is properly posted, provided it was reasonable to use mail in the circumstances. B) If acceptance is communicated by fax, then it occurs as soon as the fax is transmitted. C) If acceptance is communicated by e-mail, then it occurs as soon as the email is transmitted. D) Both A and B E) All of the above.