Answer:
Who is the franchisor? McDonald's
Who is the franchisee? C.B. Management Inc.
In a franchise relationship, the <u>franchisee</u> is economically dependent on the <u>franchisor's</u> business system.
The franchise relationship is defined by the <u>contract</u>.
Did C.B. Management, Inc.’s failure to make a payment due more than thirty days earlier constitute a breach of the franchise contract? YES
Why? A) the contract provided McDonald's could terminate the contract when a payment was more than 30 days late.
Did the contract provide that the acceptance of a late payment waived McDonald's right to terminate for late payments? NO
What does an implied covenant of good faith and fair dealing require? That the parties act <u>reasonably</u>.
Did McDonald's act of accepting late payments in the past transform McDonald's right to terminate into a discretionary decision governed by the standard of good faith and fair dealing in the future? NO
Why? Which one of these reasons is not correct? B) the actions of the parties control this issue.
A court would likely find for <u>McDonald’s</u>
Answer:
Explanation:
You need 2 people to have a conversation, not just words. You can’t just be in and empty room and just talk. You need someone else to talk to you.
Answer:
-can provide you with supplemental funds that enhance what your group does and provide new opportunities for your members
- nurture and expand awareness for the cause, project, or brand that you are raising money for
-save and change lives, cure illnesses, protect the planet and make Government change the way they operate
Answer:
The answer is B. standardized products
Explanation:
Monopolistic Competition has the following characteristics :
1. There large numbers of buyers and sellers
2. The products offered by sellers are close substitutes for the products offered by another seller.
3. The costs associated with entry and exit are low.
4. Sellers differentiate their products through advertising, branding etc.
Know that the most distinguishable factor in this market is product differentiation or standardized products.
The extent to which the seller is successful in product differentiation determines pricing power in the market.
The demand curve in this market is downward sloping i.e increase in price will lead to decrease in quantity demanded. This market is similar to perfectly competitive market.
The economic profit will fall to zero in the long run because the entry costs are not high.
