Rikki agrees to sell her Sunrise Breakfast Café to Tia. As part of the deal, Rikki signs a covenant not to open a competing business within a hundred-mile radius for ten years. If this covenant is later determined to be unreasonable, the appropriate remedy
A) damages
B) reformation.
C) rescission.
D) specific performance.
B
You might also like to view...
When an offeror does not specifically indicate what he is willing to do and what he wants the offeree to agree to do in return, his behavior will probably be classed as an:
A. offer. B. invitation to bid. C. invitation to negotiate. D. agreement.
Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on May 31, its Cash account shows a debit balance of $18,525. Clayborn's May bank statement shows $17,000 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit$5650?Outstanding checks$4900?Bank service fees, not yet recorded by company$40?A NSF check from a customer, not yet recorded by the company$735?The adjusted cash balance should be:
A. $17,775 B. $17,750 C. $18,485 D. $12,100 E. $22,650
Jim places a new lift truck (7-year MACRS property) into service on January 16, 2019. He pays $30,000 for the truck. This is the only business asset placed into service during this year. Jim does not desire to use the Section 179 election. What is the maximum depreciation Jim may deduct for the current year?
A. $-0- B. $4,287 C. $6,000 D. $8,574 E. $30,000
Under notice-race statutes, a subsequent purchaser of real estate will prevail if he or she:
A) records the deed first. B) takes without actual knowledge of a prior unrecorded conveyance and records the deed first. C) takes with actual knowledge of the prior conveyance and records first. D) secures a guarantee of indemnification against title defects from the seller and records the written document first.