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Back to franchise law
Question 1 of 20
Under the Federal Trade Commission (FTC) Franchise Rule, which of the following is one of the three core elements required to define a business relationship as a 'franchise'?
A.
The payment of a required fee of at least $500 within the first six months of operation.
B.
The existence of a fiduciary relationship between the parties.
C.
A requirement that the business be located in a commercial shopping mall.
D.
The provision of a guaranteed minimum profit to the operator.
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