A Franchise Can Be Formed

question 148

Multiple Choice

A franchise can be formed

• A) only as a general partnership.
• B) only as a corporation.
• C) as either a corporation or partnership, but not as a sole proprietorship.
• D) as a corporation, partnership, or sole proprietorship.

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Definitions:

Silver Lining

A metaphor for finding hope or positive aspects in a negative situation.

Bright Side

Often refers to the optimistic perspective of a situation, focusing on its positive aspects.

Liquidated Debt

A debt whose amount has been determined and acknowledged by both the debtor and the creditor.

Accord And Satisfaction

A legal contract wherein a dispute is settled by the parties agreeing and performing on a new obligation which differs from the original agreement.