If a Franchisor Does Not Meet the Material Disclosure Requirements

question 52

True/False

If a franchisor does not meet the material disclosure requirements of provincial franchise laws, the franchisee may be able to have the franchise agreement rescinded and their money refunded.

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Definitions:

Deliberative

Involving careful consideration or discussion before making a decision.

Procedural

Related to or involving a prescribed series of steps or methods to achieve a specific end.

System-2 Thinking

Reflective critical thinking that is useful for judgments in unfamiliar situations, for processing abstract concepts, and for deliberating when there is time for planning and more comprehensive consideration.

Comprehensive Consideration

A thorough and all-encompassing approach to analyzing or thinking about a problem, situation, or decision.