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Question 1
Under the FTC Franchise Rule (16 CFR Part 436), what is the minimum amount of time a franchisor must furnish a prospective franchisee with the Franchise Disclosure Document (FDD) before the prospective franchisee may sign a binding agreement or pay any consideration?
Correct Answer:
14 calendar days
Question 2
How many separately numbered disclosure items does the FTC Franchise Rule require in a Franchise Disclosure Document?
Correct Answer:
21 items
Question 3
Which of the following is NOT one of the three elements of a 'franchise' under the FTC Franchise Rule (16 CFR §436.1(h))?
Correct Answer:
The franchisee must purchase at least 50% of its inventory from the franchisor or designated suppliers
Question 4
A franchisor wishes to include a Financial Performance Representation (FPR) in its FDD. Under 16 CFR §436.5(s), which of the following statements about FPRs is correct?
Correct Answer:
FPRs are optional, but if made they must have a reasonable basis and written substantiation available at the time of disclosure
Question 5
Under the FTC Franchise Rule, a franchisor must update its FDD when?
Correct Answer:
Annually, within 120 days after the close of the franchisor's fiscal year, plus quarterly updates for material changes
Question 1
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About this Exam

Prepare with the CA Franchise Specialist Practice Questions - California Certified Specialist - Franchise & Distribution Law Exam practice quiz. This question bank includes 100 questions covering franchise, franchisor, cfil, rule, and franchisee. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CA Franchise Specialist Practice Questions - California Certified Specialist - Franchise & Distribution Law Exam

This practice set contains 100 questions from the matching question bank and focuses on franchise, franchisor, cfil, rule, and franchisee. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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