A) state law. B) federal law. C) federal and state law. D) state common law. E) federal common law. A) state law. B) federal law. C) federal and state law. D) state common law. E) federal common law.

Exam 31: Franchise and Special Forms of Business

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Why do you think that franchises have become so popular over the past few decades? Are there any policy implications for the increasing use of franchises?

(Essay)

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Question 21

Which of the following is false regarding a strategic alliance?

(Multiple Choice)

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Question 22

Franchise agreements commonly set forth training requirements.

(True/False)

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Question 23

A franchisee and franchisor are usually established as the same corporation.

(True/False)

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Question 24

Royalty fees for the continued use of the franchisor's trade name,property,and assistance are usually paid on an annual basis.

(True/False)

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Question 25

An "area" franchise grants the franchisee the authority to sell franchises on behalf of the franchisor.

(True/False)

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Question 26

A business arrangement where one party licenses another party to use its trade name,trademarks,commercial symbols,patents,copyrights,and other property in the distribution and selling of goods and services is known as a:

(Multiple Choice)

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Question 27

A licensee is a party who allows another party to use a trademark.

(True/False)

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Question 28

The "FTC franchise rule" requires that the disclosure document be registered with the FTC prior to its publication or distribution to prospective franchisees.

(True/False)

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Question 29

If a franchise is terminated without just cause,the franchisee can sue the franchisor for wrongful termination.

(True/False)

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Question 30

A franchise agreement is usually written so that most issues can be negotiated,allowing the parties to either come to a satisfying agreement from the start,or to renegotiate the terms and conditions of the contract during the business relationship between the franchisor and the franchisee .

(True/False)

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Question 31

Ricardo operates a great health club and would like to sell franchises.He is concerned,however,that franchisees will take steps to terminate their franchise agreements in order to compete with him after learning his successful strategies for doing business.What contract provision should Ricardo put in the franchise agreements in order to provide himself with legal protection?

(Multiple Choice)

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Question 32

The Federal Trade Commission requires that a "FTC notice" be placed on the cover of a franchisor's required disclosure statement to prospective franchisees,providing certain information for the protection of franchisees.

(True/False)

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Question 33

Robin owns an amusement park with an "extreme" roller coaster,the Rocking Dragon,which risk-seekers love.She contracts with Exotic Shirt Company,allowing the company to manufacture and distribute a line of shirts with the name "Rocking Dragon" on them,along with a picture of the roller coaster.Which of the following is true regarding Robin's agreement with Exotic Shirt Company?

(Multiple Choice)

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Question 34

A joint venture may be formed as a partnership,or as a corporation.

(True/False)

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Question 35

The Federal Trade Commission "franchise rule" requires franchisors to make full pre-sale disclosure nationwide to prospective franchisees.

(True/False)

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Question 36

Which statement is true about franchisor liability for the acts of a franchisee?

(Multiple Choice)

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Question 37

Most franchise agreements permit a franchisor to terminate the franchise for cause.

(True/False)

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Question 38

Franchise law is:

(Multiple Choice)

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Question 39

Express agency is created when a franchisor leads a third person into believing that the franchisee is its agent.

(True/False)

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Question 40

Showing 21 - 40 of 109

Exam 31: Franchise and Special Forms of Business

Why do you think that franchises have become so popular over the past few decades? Are there any policy implications for the increasing use of franchises?

Which of the following is false regarding a strategic alliance?

Franchise agreements commonly set forth training requirements.

A franchisee and franchisor are usually established as the same corporation.

Royalty fees for the continued use of the franchisor's trade name,property,and assistance are usually paid on an annual basis.

An "area" franchise grants the franchisee the authority to sell franchises on behalf of the franchisor.

A business arrangement where one party licenses another party to use its trade name,trademarks,commercial symbols,patents,copyrights,and other property in the distribution and selling of goods and services is known as a:

A licensee is a party who allows another party to use a trademark.

The "FTC franchise rule" requires that the disclosure document be registered with the FTC prior to its publication or distribution to prospective franchisees.

If a franchise is terminated without just cause,the franchisee can sue the franchisor for wrongful termination.

A franchise agreement is usually written so that most issues can be negotiated,allowing the parties to either come to a satisfying agreement from the start,or to renegotiate the terms and conditions of the contract during the business relationship between the franchisor and the franchisee .

The Federal Trade Commission requires that a "FTC notice" be placed on the cover of a franchisor's required disclosure statement to prospective franchisees,providing certain information for the protection of franchisees.

A joint venture may be formed as a partnership,or as a corporation.

The Federal Trade Commission "franchise rule" requires franchisors to make full pre-sale disclosure nationwide to prospective franchisees.

Which statement is true about franchisor liability for the acts of a franchisee?

Most franchise agreements permit a franchisor to terminate the franchise for cause.

Franchise law is:

Express agency is created when a franchisor leads a third person into believing that the franchisee is its agent.

Legal Heritage and the Information Age

Constitutional Law for Business and E-Commerce

Courts and Jurisdiction

Judicial, Alternative, Administrative, and E-Dispute Resolution

Torts and Strict Liability

Criminal Law and Cyber Crimes

Intellectual Property and Cyber Piracy

Ethics and Social Responsibility of Business

Nature of Traditional and E-Contracts

Agreement and Consideration

Capacity and Legality

Genuineness of Assent and Statute of Frauds

Third-Party Rights and Discharge

Breach of Contract and Remedies

Digital Law and E-Commerce

Formation of Sales, Lease, and E-Contracts

Performance of Sales, Leases and E-Contracts

Remedies for Breach of Sales and Lease Contracts

Warranties and Product Liability

Creation and Transfer of Negotiable Instruments

Holder in Due Course and Liability of Parties

Banking System, E-Money, and Financial Reform

Credit and Secured Transactions

Bankruptcy and Reorganization

Agency Law

Small Business, Entrepreneurship, and Partnerships

Corporate Formation and Financing

Corporate Governance and Sarbanes-Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Company and Limited Liability Partnership

Investor Protection,E-Securities Transactions,and Wall Street Reform

Antitrust Law

Consumer Safety, Consumer Financial Protection, and Environmental Protection

Labor, Worker Protection, Employment, and Immigration Law

Equal Opportunity in Employment

Personal Property, Bailment, and Insurance

Real Property, Landlord-Tenant Law, and Land Use Regulation

Family Law, Wills, and Trusts

Accountants' Liability

International and World Trade Law

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