Which party should prevail and why? 

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Prepare a case study that requires critical thinking. The case study should include related questions and guiding answers.
AMC Corporation has entered into employment contract with a new CEO which includes $140
million compensation a year, reimbursement for private jet and payment of luxurious apartment in Manhattan. You are a shareholder in AMC corporation and are outraged at this corporate waste. What options do you have to challenge the employment contract?
Here 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? 
With this information, you should now be able to complete the case study as required.

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