Daren voluntarily left his employer and joined a new firm. A clause in his employment agreement with his previous employer stated that Daren would not be allowed to partner with the key clients or customers of his previous employer for a period of 2 years. This clause is an example of a:
A. noncompete clause.
B. payback clause.
C. nonsolicitation clause.
D. nondisclosure clause.
Answer: C
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Answer the following statements true (T) or false (F)
1. Symbolic interactionism assumes that the process of self-reflection is highly individualistic and not influenced by social interactions. 2. A saturated self happens when an individual’s identity is infused with the numerous—and sometimes incompatible—views of that individual. 3. According to the notion of the saturated self, viewing ourselves through multiple lenses can cloud our sense of a unified social world and a coherent identity. 4. An avatar is a digital representation of another person that we do not know well. 5. Communication technology shapes both our own identity and the identity of other people.
For the year ending December 31, 2019, the partnership reported a net loss of $147,000. What is Peter's share of the net loss?
Nancy and Peter enter into a partnership and decide to share profits and losses as follows: 1. The first allocation is a salary allowance with Nancy receiving $13,000 and Peter receiving $11,000. 2. The second allocation is 15% of the partners' capital balances at year end. On December 31, 2019, the capital balances for Nancy and Peter are $82,000 and $18,000, respectively. 3. Any remaining profit or loss is allocated equally. A) $13,700 B) $54,000 C) $5800 D) $67,700
Violation of the Money Laundering Control Act subjects any property involved in or traceable to the offense to forfeiture to the government.
Answer the following statement true (T) or false (F)
If it is unclear whether the parties formed a unilateral or bilateral contract, the courts presume the parties intended a bilateral contract
a. True b. False Indicate whether the statement is true or false