Exam 35: Sole Proprietorships and Franchises

One of the disadvantages of a sole proprietorship is that the owner is liable for the losses of the business.

(True/False)

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Question 81

Doc's Sports Club and Elite Fitness Corporation enter into a franchise agreement that provides for its termination at any time for "cause." Doc's fails to meet Elite's express membership sales quota. Is this "cause" for termination? Explain.

(Essay)

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Question 82

A sole proprietor may own and manage any type of business.

(True/False)

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Question 83

Most states have adopted a model uniform franchise law.

(True/False)

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Question 84

Showing 81 - 84 of 84

Exam 35: Sole Proprietorships and Franchises

One of the disadvantages of a sole proprietorship is that the owner is liable for the losses of the business.

Doc's Sports Club and Elite Fitness Corporation enter into a franchise agreement that provides for its termination at any time for "cause." Doc's fails to meet Elite's express membership sales quota. Is this "cause" for termination? Explain.

A sole proprietor may own and manage any type of business.

Most states have adopted a model uniform franchise law.

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