The Document That Governs the Relationship Between a Franchisor and the Franchise

question 61

Multiple Choice

The document that governs the relationship between a franchisor and the franchise is the:

• A)FTC.
• B)FDD.
• C)UFOC.
• D)FOC.

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Definitions:

Anticipatory Breach

A situation in contract law where one party indicates by words or actions that they will not fulfill their contractual obligations before the due time for performance.

Specific Performance

A court-ordered mandate requiring a party to fulfill their obligations under a contract, typically used when monetary damages are insufficient.

Frustrated

In legal terms, refers to a contract that cannot be fulfilled due to unforeseen circumstances, rendering the obligations impractical or impossible to perform.

Condition Precedent

A condition under which the obligations of a contract will begin; also called “subject-to” clause.