Pricey Auto Corporation gives notice to Quint that Pricey is terminating their franchise arrangement. Winding up the business requires

Question

Quizplus · Accepted Answer

The termination of the franchise arrangement would require the return of Pricey's property, which could include inventory, equipment, and signage. This is necessary for Pricey to protect its brand and reputation. A new franchise agreement may be pursued in the future if both parties are interested, but it is not necessary for winding up the current arrangement. Closing immediately could result in legal consequences and would not alleviate the need to return Pricey's property. Quint's personal circumstances (death, disability, or insolvency) are not relevant to the termination of the franchise agreement.

Pricey Auto Corporation Gives Notice to Quint That Pricey Is