C. B. Management, Inc., had a franchise agreement with McDonald's Corp., to operate McDonald's restaurants in Cleveland, Ohio. The agreement required C. B. to make monthly payments of certain percentages of the gross sales to McDonald's. If any payment was more than thirty 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." McDonald's sometimes accepted C. B.'s late payments, but when C. B. defaulted on the payments in July 2010, McDonald's gave notice of thirty days to comply or surrender possession of the restaurants. C. B. missed the deadline. McDonald's demanded that C. B. vacate the restaurants, but C. B. refused. McDonald's alleged that C. B. had violated the franchise agreement. C. B. claimed that McDonald's had breached the implied covenant of good faith and fair dealing. Which party should prevail, and why?

McDonald's will prevail.

Explanation:

First of all, in a franchise agreement, the the franchisee is economically dependent on the franchisor's business system. Their relationship is  defined by the contract. C.B.'s failure to make timely payments did constitute a breach of the franchise contract. So McDonald's had the right to terminate the agreement, since the payments were more than 30 days late.

The contract didn't provide that the acceptance of a late payment waived McDonald's right to terminate for late payments. And the implied covenant of good faith and fair dealing requires that both parties act reasonably. McDonald's previous acceptance of late payments didn't affect their contract rights.

McDonald's will prevail.

Explanation:

First of all, in a franchise agreement, the the franchisee is economically dependent on the franchisor's business system. Their relationship is defined by the contract. C.B.'s failure to make timely payments did constitute a breach of the franchise contract. So McDonald's had the right to terminate the agreement, since the payments were more than 30 days late.

The contract didn't provide that the acceptance of a late payment waived McDonald's right to terminate for late payments. And the implied covenant of good faith and fair dealing requires that both parties act reasonably. McDonald's previous acceptance of late payments didn't affect their contract rights.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know