Don has an employment contract with Dunkirk Ice Cream. He sells ice cream and novelty ice cream products. He has nine children and doesn't make enough money, so he decides to see if another dairy will hire him, too. "After all," he reasons, "most stores carry four or five different brands." His employment contract prohibits him from competing. If Don sells for another dairy in addition to
Dunkirk, will he be in trouble under his contract?
a. No, it is unenforceable as against public policy.
b. Yes, it is likely to be enforceable during employment.
c. No, the prohibition against competing is enforceable only after he quits Dunkirk.
d. A court would have to rule on the enforceability of the covenant not to compete since courts are reluctant to enforce such covenants during a period of employment.
b
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Gains and losses on cash flow hedges affect earnings ____________________ than those on fair value hedges
Fill in the blank(s) with correct word
All other things being equal, as the time period for receiving an annuity lengthens,
a. the related present value factors remain constant. b. the related present value factors increase. c. it is impossible to tell what happens to present value factors from the information given. d. the related present value factors decrease.
Grover signs an installment contract with Home Appliance Store to finance the purchase of new kitchen appliances—stove, refrigerator, dishwasher, microwave, and toasteroven—for $3,999 . This transaction is subject to
a. no federal law. b. the Fair Credit Reporting Act. c. the Telecommunications Act. d. the Truth-in-Lending Act.
According to the Federal Trade Commission (FTC), a new product is
A. something that is new in any way for the company concerned. B. only new for twelve months. C. entirely new or changed in a functionally different or substantial respect. D. only new for two months. E. None of these answers is correct.