Which of the Following Is an Indication of a Dishonest

question 68

Multiple Choice

Which of the following is an indication of a dishonest franchisor?

• A)A high-pressure sale.
• B)A "get-rich-quick" scheme.
• C)Attempts to discourage you from getting an attorney to review the contract.
• D)All of the above

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Definitions:

Bonds Payable

A long-term debt instrument issued by corporations or governments that promises to pay the holder a specified sum of money at a future date plus periodic interest payments.

Lease Liability

An obligation representing the present value of future lease payments that a lessee is committed to pay over the lease term.

Mortgage Notes Payable

A legal document indicating the amount of a mortgage loan and the terms under which it is to be repaid.

Contractual Interest Rate

The agreed-upon interest rate specified in a loan or bond contract, which the borrower must pay to the lender.