The Exercise of the Power to Avoid a Contract Is

question 47

Multiple Choice

The exercise of the power to avoid a contract is known as:

• A) ratification.
• B) disaffirmance.
• C) ab initio.
• D) restitution.

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Definitions:

Franchise

A business model that allows individuals or entities to operate a store or outlet using the branding, products, and operational methods of an established company.

Franchisee

An individual or company that holds the rights to conduct business under an established brand or trade name in a specific territory.

Franchisor

A person or company that grants the license to third parties for the conducting of a business under their brand's name and operation model.

B-Corp Certification

A designation that a business meets high standards of verified social and environmental performance, public transparency, and legal accountability.