17. What are acceptable terms for non compete agreements? When will they be upheld/enforced? 18. Duress as a defense to enforcing a contract vs. undue influence as a defense to enforcing a contract. What is the difference between those two defenses? BUSINESS LAW FINAL EXAM REVIEW 19. What is the parol evidence rule? 20. What is the Statute of Frauds? What five types of contracts does it apply to? What needs to be included in the writing? Who needs to sign the written agreement for it to be enforceable? 21. What is a third party intended beneficiary? How are they different from an incidental beneficiary? What is a donee beneficiary? 22. What is the difference between an assignment vs. delegation. What types of things that CANNOT be assigned or delegated? What things CAN ALWAYS be assigned or delegated? 23. In contract law, what is a material breach? What does it mean if you have substantially performed? If you have substantially performed but not performed 100%, what is the other party entitled to, if anything, for damages? 24. What is the difference between equitable damages and money damages? What are the different equitable remedies the court can grant? What are the different types of monetary damages the court can grant? What are the reasons you might seek an equitable remedy instead of money damages