Shane wishes to open a franchise. He tries to negotiate with the franchisor regarding the mandatory arbitration clause and the waiver of a jury clause. Still, the franchisor will not change a single word in those clauses. Shane eventually gives up and signs the franchise agreement. Shane quite likely could not have gotten different arbitration and jury trial clauses at different franchises. What type of clauses are these? O Mundane clauses Exculpatory clauses O Unenforceability clauses
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- Is the rule that franchisors are not liable for the torts of a franchisee fair? Pls provide an exampleShawn buys 50 widgets at a store closing sale. He buys the widgets intending to use them around the house. He only uses 25, though, and decides to sell the remaining widgets online. Shawn lives in Colorado. He finds an individual buyer, Victoria, in Italy. Does the CISG apply if there is an issue with this contract? O No, because at least one party must be a merchant. Yes, because the contract does not state that the CISG does not apply. O Yes, because the CISG automatically applies when two signatory country parties enter into a contract. No, because the contract does not state that the CISG applies. O No, because these are two consumers.Which of the following does not apply to arbitration? 1. Neutral third party provides the parties with a decision on who prevails in the dispute 2. Takes place in a hearing which is similar to a court setting but less formal. 3. Neutral third party assists the parties in coming to a resolution of their dispute 4. Form of ADR
- matching setAgreements, including mergers, among firms in a vertical relationship are so unlikely to be anticompetitive that they ought to be considered “per se” legal and not subject to antitrust review and challenge. Discuss whether you agree with this statement.Palatka Costumes & Caps LLC ("PC & C") is a large props company formed in 1957, and Frodo Flags Corporation is a small, local flag manufacturer formed in 2015. These two businesses never had any dealings with each other until they recently entered into a contract, with terms all drafted by PC & C. The contract provides that PC & C shall purchase 1,000 flags that Frodo Flags will specially design for PC & C. The contract further provides that PC & C has the right to initiate, on a weekly basis, purchase orders of up to 100 flags until the contract's total number of flag purchases - 1,000 flags has been met. Also, the contract includes a clause stating that PC & C can cancel its obligation to pay for the remaining flags at any time if any Frodo Flags shipment does not arrive on the exact day as stated in a particular purchase order; this last provision is included in the contract even though time was of little importance to PC & C. W The first shipment of 100 flags arrives a day late,…
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- 1 If you agree to not make any other recordings with another label while you are under contract with a record label, then you have agreed to be: Under Contract Underground Exclusive Poor Negotiator 2. A clause in a contract that lowers payments over time to managers, publishers and others who receive percentages of an artist's income is called: Step up clause Residual Clause Sunset Clause* Sanity ClauseIs the rule that franchisors are not liable for the torts of a franchisee fair?If a minor purchase a $150.00 pair of designer blue jeans the merchant may be unable to enforce this contract because: a) the jeans were a necessity. b) clothes are a statutory contract. c) designer jeans are a luxury. d) only emancipated minors wear jeans. 2. An adult who intentionally drinks so much liquor as to have their judgment impaired will a) easily defeat a contract they entered in to while drunk b) have no chance of winning under any circumstances. c) probably lose, voluntary intoxication is usually a poor defense. 3. Which of the following must a person possess to have contractual capacity? a) Comprehend the nature of the Contract b) Comprehend the purpose of the Contract c) Comprehend the consequences of the Contract d) All of the above are required