QUESTION 17 Tri-State Fitness, Inc. licenses Exercise, Inc., pursuant to a contract, the right to operate a Tri-State Fitness gym. This is O a. a sole proprietorship. Ob. a principal-agent relationship. Oc. a franchise. Od. a free agent relationship.

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter21: Partnerships
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QUESTION 17
Tri-State Fitness, Inc. licenses Exercise, Inc., pursuant to a contract, the right to operate a Tri-State
Fitness gym. This is
O a. a sole proprietorship.
O b. a principal-agent relationship.
Oc. a franchise.
Od. a free agent relationship.
QUESTION 18
Each partner is permitted to sell partnership property, such as vehicles and real estate, as if he or she was
the only owner of the property.
O True
O False
Transcribed Image Text:QUESTION 17 Tri-State Fitness, Inc. licenses Exercise, Inc., pursuant to a contract, the right to operate a Tri-State Fitness gym. This is O a. a sole proprietorship. O b. a principal-agent relationship. Oc. a franchise. Od. a free agent relationship. QUESTION 18 Each partner is permitted to sell partnership property, such as vehicles and real estate, as if he or she was the only owner of the property. O True O False
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