Examlex
Midas Muffler sells franchises to prospective businesspersons who want to use the Midas name and offer Midas products. In a franchise arrangement, Midas would be the __________, and the buyer of the franchise is the __________.
Punitive Damages
Financial compensation awarded to a plaintiff that goes beyond what is necessary to compensate for losses and is intended to punish the defendant for egregious conduct.
Illegal Penalty
A punishment or consequence for an action that is not legally authorized or that exceeds the bounds set by legal statutes.
Power of Avoidance
The legal ability to declare a contract null and avoid its obligations due to reasons such as fraud, misrepresentation, or other substantive grounds.
Contractual Capacity
The lawful capacity of an individual to engage in a contract that is enforceable.
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