Quality Is So Important in Franchising That Most Franchisers Retain

question 16

True/False

Quality is so important in franchising that most franchisers retain the right to terminate the franchise contract and to repurchase the outlet if a franchisee fails to maintain quality standards.

---

Definitions:

Typewriter

A mechanical or electromechanical device used for typing characters onto a medium, usually paper, by means of a keyboard striking an ink-coated ribbon.

Consideration

The value (such as money, a service, or a promise) that is given by one party to another in exchange for performing or promising to perform a certain act.

Stereo Speakers

Audio devices designed to reproduce sound with a sense of spatial depth and positioning, creating a stereo effect by having multiple components that output various channels of audio.

Consideration

Consideration is a legal term that refers to something of value promised to another when making a contract, and it is a necessary element for the contract to be enforceable.