The FTC's Philosophy Focuses On

question 19

Multiple Choice

The FTC's philosophy focuses on:

• A)catching and prosecuting abusers of franchise laws.
• B)verifying the accuracy of FDD information.
• C)providing information to prospective franchisees and helping them make good decisions.
• D)licensing prospective franchisers.

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Definitions:

Malfunctioned Toaster

This refers to a toaster device that is not operating correctly due to faults or damages.

Implied Warranty

A legal assumption that the goods or services sold meet certain standards of quality and functionality, even if not explicitly stated.

Merchantability

Implies that a product sold by a merchant is fit for the ordinary purposes for which such goods are used and meets the consumer's expectations.

Express Warranty

A clearly stated assurance or guarantee given by a seller about the condition or quality of a product or service.