Doug Obtains an Exclusive Franchise to Sell Widgets for the Acme

question 68

Multiple Choice

Doug obtains an exclusive franchise to sell widgets for the Acme Widget Company.The exclusive franchise covers the entire State of Wisconsin for a period of three years.In this case:

• A) Acme is obligated to use its best efforts to supply the goods only if this clause appears in the written franchise agreement.
• B) according to the UCC,unless otherwise agreed,Doug must use his best efforts to promote the sale of the widgets in his territory.
• C) under the UCC,such an agreement lacks consideration.
• D) consideration is not required because this is a moral obligation.

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Definitions:

Emotional Intelligence

The ability to recognize, understand, manage, and reason with emotions in oneself and others, facilitating interpersonal communication and decision-making.

Sales Industry

The sector of the economy focused on the activity of selling goods or services.

Account Analysis

The process of reviewing and evaluating a customer's account to understand their needs, spending patterns, and potential for future transactions.

80/20 Principle

A rule of thumb stating that 80% of outcomes (or outputs) come from 20% of all causes (or inputs) for any given event, also known as the Pareto Principle.