Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ace Pharmacy and Spade Pharmacy, two independent and competing companies, execute a Regional Sales Agreement whereby each party agrees to only sell to customers in

Ace Pharmacy and Spade Pharmacy, two independent and competing companies, execute a Regional Sales Agreement whereby each party agrees to only sell to customers in their pre-assigned geographic regions at uniform prices. Under the Agreement Ace Pharmacy is assigned to the Northern Region while Spade Pharmacy is assigned to the Southern Region. The stated purpose of the agreement is to allow for the full coverage of the entire area at the highest level of efficiency. Such a contract would be considered:

Select one:

a.Ancillary and likely enforceable.

b.Illegal and unenforceable.

c.Permissible under the doctrine of fair competition.

d.Fully legal and enforceable.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Law Express Contract Law

Authors: Emily Finch, Stefan Fafinski

6th Edition

1292210125, 978-1292210124

More Books

Students also viewed these Law questions