Financial Qualifications Are the Only Relevant Criterion When a Franchisor

question 24

True/False

Financial qualifications are the only relevant criterion when a franchisor evaluates potential franchisees.

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Definitions:

Debtor

An individual or organization that owes money or debt to another entity.

Default

A failure to fulfill a legal obligation, especially to repay a loan or appear in a court of law.

Lien

A legal right or claim against a property, typically used as security for a debt or obligation.

Construction Company

A business entity engaged in the construction of buildings, infrastructure, and other physical structures.