Noodleoo, a struggling restaurant chain, wants to enact a franchise agreement with Stephen to sell its product through a chain-style franchise. Stephen agrees and opens the store, and 6 months later Noodleoo goes bankrupt. Which is most likely true of this situation?

• If Noodleoo was transparent with its financial data, it owes no recompense to Stephen.
• If Noodleoo was not transparent with its financial data, it has broken the franchise rule.
• If Noodleoo was not transparent with its financial data, Stephen has no recourse.
• More than one response is correct.