The Tavern's secret recipe for its pizza sauce would be considered:
a. a trade secret, and an employment noncompete clause would be enforceable to protect it.
b. a trade secret, and an employment noncompete clause would NOT be enforceable to protect it.
c. just a secret recipe and not something the Tavern could protect in a noncompete clause.
d. an exculpatory clause and not enforceable.
a
You might also like to view...
The journal entry a company uses to record partially funded pension rights for its salaried employees at the end ofthe year is
a. debit Salary Expense; credit Cash b. debit Pension Expense; credit Unfunded Pension Liability c. debit Pension Expense; credit Unfunded Pension Liability and Cash d. debit Pension Expense; credit Cash
It's often easier to reattract ex-customers than to find new ones because the company knows their names and histories
Indicate whether the statement is true or false
Which of the following is/are true regarding firms use of net assets (assets minus liabilities)?
a. Firms use net assets to generate more net assets through the earnings b. Firms typically retain some or all of the net assets generated by earnings, causing net assets to increase, along with retained earnings, which is the component of shareholders' equity showing the cause of that increase in net assets. c. The retention of net assets generated by earnings generally increases the market price of the firm's common shares. d. Some firms pay periodic dividends to the common shareholders out of net assets. e. all of the above
Suretyship and guaranty provide debtors with the right to seek payment from a third party if the debtor, or principal, desires to default on his or her obligations
Indicate whether the statement is true or false