Benefits- standing up for your self con- loosing time where you could be making money
Options:
A. Kerry has hired a private inspector to ensure that the business is in compliance with government regulations.
B. The business is being sold and the buyer has sent an inspector to ensure the business is operated properly.
C. This is a franchise and the franchisor has sent its inspector to ensure the business is operated according to the franchise license.
D. The inspector is the father of an employee who is a minor and he wants to ensure that child labor laws will not be violated.
Answer: C.) This is a franchise and the franchisor has sent its inspector to ensure the business is operated according to the franchise license
Explanation:
The fast food business being operated by Kerry could be interpreted as a franchise, whereby a franchisor which could be an individual or company has granted Kerry who is a third party owner the license or right to use the franchisor's trademarks and right to run her business. These franchisor must have sent an inspector to Kerry's fast food to inspect in other to ascertain that the franchise is being operated in accordance to the terms in the franchise license.
Answer:
A quitclaim deed is actually very risky in this case. The alleged owner will sell you the property but if anyone else (the cousins maybe) makes any claim on the property and their claim is valid, then you will have to pay them money. In this case it is a gamble really, if the cousins do not make any claim, then you got a great deal, but if the cousins make a valid then you lost a lot of money. Is it really worth it? I doubt it. When a deal is to good to be true, it is actually not a good deal at all.
On the other hand, a warranty deed will provide you protection against any possible claim from any third party, including cousins, any other type of relative, mortgages, delinquent taxes, etc. A warranty deed protects the buyer and any possible future claim must be settled by the seller.
The given statement "Every morning Pete buys a cup of coffee from the vending machine located down the hall in his office building. The location of the vending machine creates form utility for Pete" is False.
Answer: Option A
<u>Explanation:</u>
The vending machine's location for coffee is found down the hall though in his building, so he needs to put in extra work to get the coffee for himself every morning. The economic utility has four parameters, time; place; form; and possession.
Out of these 4, we are here the statement discussing form utility whereas the given statement could serve as an example of place and time utility. Form utility refers to the utility being such an accomplishment to the customer so as to imply full satisfaction which is not the case here.
Answer:
B)
Explanation:
In this specific scenario, the term that is true is that Jim and Brian can legally prevent Kirk from withdrawing advances from the partnership. This is because all three of them entered into a partnership with equal contributions meaning that they all own the same percentage of the company and must all agree on things before they are done. Even though Kirk provided an additional contribution, this was a loan which will be paid back eventually but does not give kirk any extra power in the company and must discuss decisions with Brian and Jim before it can be done.