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If a Party to a Franchise Contract Fails to Perform

question 27

True/False

If a party to a franchise contract fails to perform its contractual duties,the other party may be subject to a lawsuit for breach of contract.


Definitions:

Land Adjacent

Property that is next to or bordering another property.

Future Interest

A person’s present right to property ownership and possession in the future.

Present Right

The current legal ability to exercise a right or claim to property, as opposed to a future or conditional interest.

Property Ownership

The legal right to possess, use, and dispose of real estate or personal property.

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