When Mohammed was hired by Pomico, Inc, he signed the following agreement, "Upon termination of my employment with Pomico, I agree not to work for a competing company within 30 miles of Pomico's headquarters for one year." This agreement, important to protecting secret information developed in the employer's business, is:
a. an unenforceable exculpatory agreement.
b. an unenforceable usurious agreement.
c. an enforceable bailment agreement.
d. an enforceable agreement not to compete.
d
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Why is cash management necessary?
The proper procedure for computing the amortization of a premium using the effective interest method includes multiplying
A) the market rate of interest times the face value of the bonds. B) the market rate of interest times the carrying value of the bonds. C) the stated rate of interest times the face value of the bonds. D) the stated rate of interest times the carrying value of the bonds.
Kyle goes to a used automobile dealership to buy a truck. He signs an agreement with the dealership that includes a description of the truck, its price, and other details. This is an example of a(n) ________ contract.
A. express B. unilateral C. implied-in-law D. implied-in-fact
Explain the advantages of bundled pricing and give an example.
What will be an ideal response?