When franchisees purchase their franchises and sign the contract, they agree to sell the franchisor's product or service by following its prescribed formula

Buffalo Supply issued a 45-day, 4% note for $1,200 payable to Antelope Manufacturing, in place of an open account. The journal entry would involve a

a. debit to Accounts Payable, Antelope Manufacturing, $1,200. b. credit to Accounts Payable, Antelope Manufacturing, $1,200. c. credit to cash. d. debit to Notes Payable, $1,200.

Another name for an estate of inheritance is:

A: Fee simple defeasible; B: Estate at sufferance; C: Estate in fee; D: Probate estate.