Match the Term with Its Definition

question 22

Multiple Choice

Match the term with its definition.
-The operation of several franchised businesses within a single corporate structure

• A)franchise
• B)franchise contract
• C)Franchise Disclosure Document (FDD)
• D)franchisee
• E)Franchise Rule
• F)franchising
• G)franchisor
• H)multibrand franchising
• I)nondisclosure agreement
• J)piggyback franchising

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Definitions:

Secured Party

An individual or entity that has an interest, often provided by a security agreement, in the personal property of a debtor, which provides security for payment or performance of an obligation.

Collateral

Collateral refers to properties or assets that a borrower offers to a lender as security for a loan, which can be confiscated if the borrower fails to repay.

Debtor's Default

A situation where a debtor fails to meet the legal obligations of a loan, such as not making scheduled payments.

Debtor's Estate

The total assets available to a debtor that can be used to settle debts in bankruptcy or insolvency proceedings.