The Owner of Goodfood Grocers Has Agreed to Allow the Goodfood

question 42

Multiple Choice

The owner of Goodfood Grocers has agreed to allow the Goodfood Grocer name to be used by the owner of a grocery store in a neighbouring city.What legal device should Goodfood Grocers use to give effect this right ?

• A) licence
• B) trust
• C) lease
• D) easement

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Definitions:

Budgeted Disbursements

Planned financial outflows or payments calculated in advance as part of a budgeting process, often categorized and scheduled over a specific period.

Desired Balance

The target or goal for the balance of an account or budget at a specific point in time.

Budgeted Receipts

Expected cash or revenue amounts a business plans to receive over a certain period according to its budget.

Merchandise Inventory

Merchandise inventory includes goods held by a company that are ready for sale to customers.