Match List I with List II

Choose the correct answer from the options given below:

A-III, B-IV, C-II, D-I

The correct answer is option (4) - A-III, B-IV, C-II, D-I

Here's the most accurate matching of List I with List II:

A. Proprietary statements (III. Use of name)

Proprietary statements typically involve intellectual property rights like trademarks, copyrights, or trade secrets used in a business. These rights often relate to the name, logo, or specific processes associated with the brand, hence aligning with "Use of name".

B. Franchising (IV. Gives exclusive rights of local distribution to independent retailers)

Franchising is a legal agreement where a franchisor grants an independent franchisee the right to use their brand name, products, and operating procedures within a specific territory. This exclusive right of local distribution to independent retailers perfectly describes the nature of a franchise agreement.

C. Contract explanation (II. Type of relationship)

A contract explanation outlines the rights and obligations of parties involved in an agreement, defining the type of relationship they establish. This aligns with "Type of relationship" as the core focus of a contract explanation.

D. Operation manual (I. Legal rules followed in operation of business)

An operation manual typically details the standard procedures and guidelines for running a business, outlining the legal rules and regulations relevant to its operations. This matches "Legal rules followed in operation of business" as the key purpose of an operation manual.