Law Case Study

Case StudyHere is the full question for the case study that you must complete:
J.C., Inc., had a franchise agreement with McDonald’s Corporation to
operate McDonald’s restaurants in Lancaster, Ohio. The agreement required
J.C. to make monthly payments to McDonald’s of certain percentages of the
gross sales. If any payment was more than 30 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 J.C.’s late
payments, but when J.C. defaulted on the payments in July 2010,
McDonald’s gave notice of 30 days to comply or surrender possession of
the restaurants. J.C. missed the deadline. McDonald’s demanded that J.C.
vacate the restaurants, but J.C. refused. McDonald’s files a lawsuit alleging
that J.C. had violated the franchise agreement. J.C claimed that McDonald’s
had breached the implied covenant of good faith and fair dealing. Which
party should prevail and why?
The answer should include:
Identify the parties involved (plaintiff and defendant) .1
Fact of case .2
Identify a law issue raised by the facts .3
Accurate statement of the Rule /Law /statute .4
Apply the rule to the fact .5
Conclusion to the law issue .6