Few years ago, Majid Al Futtaim signed an agreement with Carrefour France giving him the permission to use their trademark and brand name. Which of the following statement is correct?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Few years ago, Majid Al Futtaim signed an agreement with Carrefour France
giving him the permission to use their trademark and brand name. Which of the
following statement is correct? *
Carrefour France is the franchisee; Majid AI Futtaim is the franchisor
Carrefour France and Majid Al Futtaim are sole traders
Carrefour France is Majid Al Futtaim's silent partner
Carrefour France is the franchisor; Majid Al Futtaim is the franchisee
Transcribed Image Text:Few years ago, Majid Al Futtaim signed an agreement with Carrefour France giving him the permission to use their trademark and brand name. Which of the following statement is correct? * Carrefour France is the franchisee; Majid AI Futtaim is the franchisor Carrefour France and Majid Al Futtaim are sole traders Carrefour France is Majid Al Futtaim's silent partner Carrefour France is the franchisor; Majid Al Futtaim is the franchisee
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