Dean buys a franchise from Excel Realty, Inc. In their agree?ment, Excel may specify

Question

Quizplus · Accepted Answer

When someone buys a franchise from a company, the franchise agreement typically includes details about the requirements and expectations for the franchisee's business. This may include guidance on the business form (corporation, LLC, sole proprietorship, etc.) as well as specific standards for how the business must operate (such as using certain technology, following specific training procedures, or meeting certain sales goals). In this scenario, Excel Realty, Inc. has the right to specify both the business form and the standards of operation for Dean's franchise. Therefore, the correct answer is B.

Dean Buys a Franchise from Excel Realty, Inc