Assignment 1

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Learning Outcomes:
Prepare a case study that requires critical thinking. The case study should include related questions and guiding answers.
THEM CAREFULLY
Assignment 1
J.C., Inc., had a franchise agreement with McDonald’s Corporation to operate McDonald’s restaurants in Lancaster, Ohio. The agreement required J.C. to make monthly payments to McDonald’s of certain percentages of the gross sales. If any payment was more than 30 days late, McDonald’s had the right to terminate the franchise. The agreement also stated that even if McDonald’s accepted a late payment, that would not “constitute a waiver of any subsequent breach.”
Write an essay on the following topic in about 500-750 words.
(You are required to include: (Kubasek, N. K., Brown, M. N., Herron, D. J., Giampetro-Meyer, A., Barkacs, L. L., Dhooge, L. J., & Williamson, C. (2012). Dynamic Business Law (2nd ed., Custom Publish). New York, NY: McGraw-Hill.) as reference and other references in your answer).

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