Which of the Following Is True of a Franchise Agreement

question 78

Multiple Choice

Which of the following is true of a franchise agreement?

• A) A franchise application is not necessary to qualify for entering into a franchise agreement.
• B) The Uniform Franchise Offering Circular (UFOC) sets forth the terms and conditions of the franchise agreement.
• C) The terms and conditions of the franchise agreement must always be first drawn by the franchisee.
• D) A franchisee can only obtain a license to use the franchisor's intellectual property after entering into a franchise agreement.

---

Definitions:

Consequences

The outcomes or effects that naturally follow from particular actions or behaviors.

Direct Interviewing

A method of collecting information through face-to-face conversation, where questions are asked in a straightforward manner.

Nonverbal Exchanges

Communication between individuals that does not involve words but rather body language, facial expressions, and other visual cues.

Simulated Enactment

The act of imitating or mimicking actions within a controlled environment as if performing them in real life.