John is about to retire as the principal of a secondary school in one year’s time. After retirement, John plans to invest part of his pension fund in…

John is about to retire as the principal of a secondary school in one year’s time. After retirement, John plans to invest part of his pension fund in business.

His friend, Kelvin, is a retired teacher. Kelvin has been operating a convenience store under a franchise known as ‘7-11’ after his retirement. On referral, John approaches the franchisor, known as 7-11 Group Holdings Limited, for information. The franchisor is the parent company that allows individuals to start and run a business known as ‘7-11’ using its trademarks, products and processes.

The marketing manager of the franchisor company, Larry, interviews John. Larry tells John that there is good business potential to run a convenience store near John’s home.

John asks if there would be any potential competition and the estimated amount of profits. Larry replies that, as far as he knows, there is no convenience store within one kilometre of the vicinity. Larry also reassures John that the business will be a good investment for a retiree, as Kelvin is also a retiree.

John is excited about the new business venture and immediately signs the franchise agreement with Larry. It is a contract under which John agrees to set up a limited company to run the business of a convenience store with the brand name ‘7-11’, and in return John’s company will source the goods only from the suppliers approved by

the franchisor and will pay 10% of his gross income to the franchisor.

In fact, unknown to Larry, another staff member of 7-11 Group Holdings Limited signs a franchised agreement with another client in another office of the Group at the same time, who will open a convenience store within one kilometre of the site to be operated by John. With respect to the profitability of the franchised convenience

stores, the statistics of the franchisor reveals that around 30% of its franchisees are making a loss. However, Larry has not disclosed such information to John.

(a) What are ‘vitiating factors’? Please explain briefly in your own words. (5 marks)

(b) Can you identify any vitiating factor(s) in this question? Please identify them and explain in what circumstances it/they generally arise(s), and identify exactly the

facts from which it/they arise(s) in this particular case. (25 marks)

(c) John does not wish to open the store. What legal remedies are available to him? Please explain your answer by reference to the essential elements of the particular vitiating

factor(s) or the sub-category(ies) of such vitiating factor(s). (20 marks)

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10