Case summary :The person C signed a franchise agreement with company L, a fast food chain. The agreement binds C to follow the rules given in L’s operating manual. In case of non- compliance with L’s operating manual the contract will stand terminated. After nine months, fire broke out in the restaurant of C, due to which the kitchen was severely damaged. There was no mistake on the part of C but L notified that the franchise would terminate within 30 days due to non-compliance of safety procedures.
To find: The factor to be considered by the Court in deciding the wrongful termination of franchise by L.
Trending nowThis is a popular solution!
Chapter 16 Solutions
Bundle: The Legal Environment Of Business: Text And Cases, 10th + Mindtap Business Law, 1 Term (6 Months) Printed Access Card
- Zenith Components wants to evaluate its cash conversion cycle. Last year, it made $150,000 in credit sales and had a net profit margin of 8%. Its inventory turnover was 6.25 times, and the firm's DSO (Days Sales Outstanding) was 36 days. The annual cost of goods sold was $120,000, and the payables deferral period is 42 days. Use a 365-day year. What is Zenith's cash conversion cycle? Round your final answer to two decimal places.arrow_forwardWhat is the estimate net annual savings to the firmarrow_forwardI don't need ai answer general accounting questionarrow_forward
- Can you help me solve this general accounting problem using the correct accounting process?arrow_forwardA company is considering two different inventory valuation methods: FIFO (First-In, First-Out) and LIFO (Last-In, First-Out). Discuss the potential impact of each method on the company's financial statements during periods of rising prices. Which method would result in a higher cost of goods sold and lower net income?arrow_forwardnonearrow_forward
BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage Learning
Accounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education