As of 2008,the Federal Trade Commission's Franchise Rule prescribes that franchisors must disclose to prospective franchisees information such as bankruptcies,business experience of the principals,and litigation in which the firm is involved.

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The statement is true. The Federal Trade Commission's Franchise Rule requires franchisors to disclose certain information to potential franchisees, including bankruptcies, business experience of the principals, and litigation involvement. This rule has been in place since 2008.

As of 2008,the Federal Trade Commission's Franchise Rule Prescribes That