Many franchisees execute the franchise agreement in the name of a closely held corporation that has been
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Question:
- No personal guarantee is required
- Only one shareholder of the franchisee's corporation to commit with personal guarantee.
- Each shareholder of the franchise corporation requires to commit with personally guarantee.
- Fifty one percent of the shareholders require to commit with personal guarantee
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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