Although Franchise Arrangements Are a Good Source of Income for the Franchisee

question 180

True/False

Although franchise arrangements are a good source of income for the franchisee, these businesses do not contribute significantly toward job creation.

---

Definitions:

Invoice

A document issued by a seller to a buyer listing the goods or services provided, their prices, and the total amount due.

Enforceable

A legal term denoting that an agreement or contract is legally binding and can be upheld in court.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by all parties involved in order to be enforceable.

Oral Contract

A verbal agreement between parties that is legally binding, though not in written form.