According to the Text,franchising in the U

question 3

Multiple Choice

According to the text,franchising in the U.S.was primarily developed by which company?

• A) Coca-Cola Company
• B) Ford Motor Company
• C) Standard Oil Company
• D) Singer Sewing Machine Company
• E) McCormick Harvesting Machine Company

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Definitions:

Unconditional Order

A directive that must be followed without any stipulations or requirements.

Instrument

A formal legal document that grants rights, imposes duties, or records a transaction, such as a contract, will, or deed.

Variable Interest

An interest rate that can fluctuate over time, often based on a standard financial index, in contrast to a fixed interest rate.

Revised Article 3

Refers to the updated section of the Uniform Commercial Code (UCC) that governs negotiable instruments, including the processes for issuing, transferring, and enforcing such documents.