Larry has the largest pizza business in the city. He learns that Henry is thinking of opening a competing pizza and pasta delivery business. Larry gives Henry $25,000 to not open his proposed business in the same city. Which statement is correct?
a. The contract is voidable at Larry's option.
b. The contract is void for lack of consideration.
c. The contract is illegal and void.
d. The contract is enforceable.
c
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Always ask permission before submitting someone's name as a reference
Indicate whether the statement is true or false