Star Resorts Corporation wants to terminate its franchise
arrangement with Tony. Their contract does not provide for notice
of termination or set a time for winding up the business. This
means that to wind up, Tony (Indicate your choice and offer 1-2
sentences to explain your choice):

1. has a reasonable time, with notice.

2. has whatever time Star Resorts determines, with or without
notice.

3. is entitled to notice, but nothing more.

4. must close immediately.