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Canvas Question 1 6 2 . 5 pts Tran purchased a successful Big Self - Storage facility in California under a purchase agreement that contained
Canvas
Question
pts
Tran purchased a successful "Big SelfStorage" facility in California under a purchase agreement that contained a noncompete agreement prohibiting the seller from operating a selfstorage facility within a mile radius of the facility for five years. Later, the seller opens a competing selfstorage facility two miles away, causing Tran to suffer a significant loss in profits. In Tran's lawsuit against the seller, which of the following is true
Seller's best defense to the lawsuit is that noncompete agreements are now unenforceable in California under CA Business & Prof. Code
Tran's best argument is that seller violated the implied covenant of good faith and fair dealing.
Tran's best argument is that seller violated the Federal Trade Commission's Unfair Competition Rule.
Tran's best argument is that seller breached the express noncompete terms of the purchase agreement.
Question
pts
The members of SlayIt LLC wish to retain company profits in order to build reserves for possible expansion of operations. To do so they may opt for the LLC to be taxed as a
sole proprietorship
nonprofit corporation
partnership
corporation
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