Ralph Is Interested in Buying a Franchise from Sparkle Beverages

question 47

Multiple Choice

Ralph is interested in buying a franchise from Sparkle Beverages Inc. For Ralph to make an informed decision concerning this purchase,Sparkle Beverages must disclose in writing or in electronic form

• A)general estimates of costs and sales,but not the basis for them.
• B)material facts such as the basis of projected earnings figures.
• C)no information.
• D)start-up requirements,but not renewal conditions.

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Definitions:

Property Right

Legal rights to possess, use, and dispose of assets or properties.

State University

A public university that is primarily funded and operated by a state government.

State Action

Activities or actions carried out by government officials or entities, which are subject to constitutional protections against discrimination or infringement of rights.

Governmental Action

Any action taken by a government body, which can include legislation, regulation, or executive orders.