____ Is Quite Similar to Fraud; It Requires a False

question 69

Multiple Choice

____ is quite similar to fraud; it requires a false statement to significantly influence the making of a contract:

• A) materiality
• B) influence
• C) misrepresentation
• D) voidable contract
• E) none of the other choices

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Definitions:

Corporation

Legal organization with assets and liabilities separate from those of its owner(s).

Franchise

A licensing agreement where a franchisor allows a franchisee to use its brand, products, and operating methods.

Franchising Agreement

A legal contract where a franchisor grants a franchisee the right to operate a business using the franchisor's trademark, product, and business model in exchange for fees.

Franchisor

A business entity that grants the rights to an individual or group to market its products or services in a specific territory under the business's brand and operating methods.