Claudia sells her highly successful hair salon to Carl. In the sales contract, Claudia agrees never to open a hair salon in the state. Which of the following best describes this contract clause?
a. Void as an illegal violation of a statute.
b. Valid as a reasonable restraint on trade.
c. Unenforceable as a violation of public policy.
d. Binding as fair protection.
c
You might also like to view...
When a group is in conflict, it becomes ________ task-oriented.
A. adversely B. less C. nominally D. more
Under accrual accounting, revenue is recognized when
a. the firm has performed all, or most of, the services it expects to provide. b. the firm has received cash, or some other asset such as a receivable, whose cash-equivalent value it can measure with reasonable precision. c. the firm has significant uncertainty about the amount and timing of the cash inflows and outflows from the sales transaction. d. both a and b must be present. e. none of the above.
With a margin account, you can expect
A) to pay interest on a broker's loan. B) to leverage the amount you invest. C) to magnify your gains or losses. D) all of the above
The Housing Affordability index is based on the
A) ability of the median income family to purchase the median priced home. B) ratio of low income housing to all housing. C) the cost of financing as a percentage of total mortgage payments. D) the average length of a home mortgage.