45. (Chapter 15) In a franchise, the franchisor manufactures a product and licen

Question

45. (Chapter 15) In a franchise, the franchisor manufactures a product and licenses a retail dealer to distribute the product to the public. a. distributorship b. processing plant c. chain-style d. area 46. (Chapter 15) A business arrangement where one party allows another to use its name, trademark, or sell its products in its business is known as a(n): a. Joint venture b. Proprietorship. c. Franchise. d. Royalty 47. (Chapter 15) A soft drink company would franchise its botting plants under which a.oDistributorhip franchise b. c. d. Processing plant franchise. Chain-style franchise. Area franchise, 48. (Chapter 14) Mary is a partner in the Flatirons partnership. The partnership before the 10-year agreement provides that no partner may withdraw from the partnership for 10 years. from the partnership Which of the following statements best describes this situation? Mary attempts to eriod is up. This is a wrongful dissolution; the partnership will be dissolved, but Mary will be liable for any damages caused by it. This clause of the partnership agreement is unenforceable, thus the dissolution is proper b. c. Because Mary could not withdraw from the partnership, there is no d. Because Mary could not withdraw from the partnership, her action is dissolution. treated as an assignment of her partnership interest (Chapter 14) Ann, Becky, and Charlie are the only partners in the Rimrock partnership. Ann suddenly withdraws from the partnership dissolving it. A creditor, which has done business with the partnership in the past but does not know that Ann has dissolved it, subsequently enters into a contract with Ann on behalf of the Rimrock partnership. Who, if anyone, is liable on this contract? a. Because the partnership had been dissolved, no one is liable on the 49. contract; it is void b. Only Charlie is liable on the contract. c. Only Becky and Charlie are liable on the contract d. Ann, Becky, and Charlie are all liable on the contract.

Explanation / Answer

45 A Distributorship

This is an example of distributorship franchise. In this arrangement the franchisor produces product and license a retailer to sell the product to the customers.

46 Franchise

This is the example of franchise. The quick service restaurants such as McDonalds, Dominos work on the same arrangements.

47 Processing plant franchise

The company like Coca-cola and Pepsi follows this arrangement. The company insures that the processing plant franchise is following the company guidelines such as standards.

48 This is a wrongful dissolution; the partnership will be dissolved, but Mary will be liable for any damages caused by it.

If the agreement is 10 year then as per Flatirons partnership will dissolved if the partnership has leaved the partnership.

As per Chegg Experts can answer 4 questions in one go. Pl ask the rest of questions separately.

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