Thomas klutz obtained a franchise from kahala franchise corp. to operate a samurai sam's restaurant. under their agreement, klutz could transfer the franchise only if he obtained kahala's approval and paid a transfer fee. without telling kahala, klutz sold the restaurant to william thorbecke. thorbecke signed a note for the price. when kahala learned of the deal, the franchisor told thorbecke to stop using the samurai sam's name. thorbecke stopped paying on the note, and klutz filed a claim for the unpaid amount. in defense, thorbecke asserted breach of contract and fraud. are these defenses effective against klutz?

a loan? that’s my guess, anywho.

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

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