Which of the Following Is True of a Franchise Agreement

Multiple Choice

Which of the following is true of a franchise agreement?

A) A franchise application is not necessary to qualify for entering into a franchise agreement.
B) The Uniform Franchise Offering Circular (UFOC) sets forth the terms and conditions of the franchise agreement.
C) The terms and conditions of the franchise agreement must always be first drawn by the franchisee.
D) A franchisee can only obtain a license to use the franchisor's intellectual property after entering into a franchise agreement.