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In an employment contract, agreements not to compete are: a. illegal. b. uniformly held to be in the public interest and therefore legal. c. never questioned by the court. d. valid, if the restriction is reasonable and necessary for the protection of the benefited 12. party 13. Private lotteries, which generally are held to be illegal, involve three elements: a. prize, chance, and consideration. b. return, skill, and wager. prize, skill, and consideration c. d. attractive return, minimal involvement, and skill. 14. Which of the following is not illegal? an office football "pool" with a cash entry fee and cash prize a raffle with an entry fee to win a car a "giveaway" to every tenth person who buys meat at a butcher shop a "giveaway" to every tenth person entering a department store a. b. c. d. 15. When money is loaned at a greater rate of interest than is allowed by law, is committed. a. usury b. credit misfeasance c. petty theft d. credit malfeasance 16. Agreements that are illegal are: a. b. c. d. enforceable if one party acted in good faith. voidable by one of the parties. void voidable by either party. Art and Mary were good friends who went through high school and college together. Art eventually became a college philosophy professor and Mary went into the business world. Mary became a senior vice-president of a management firm and learned many of the company's trade secrets. Both Art and Mary signed one-year contracts with their respective employers. The contracts contained clauses that provided that they would not compete against their former employers for a period of one year after leaving their jobs. The area covered by the restrictions for both Art and Mary was a radius of 500 miles from the place of employment. 17. Both Art and Mary resigned and within two months took other jobs. Art went to work for another college 50 miles away, teaching philosophy. Mary took a job 75 miles from her former employment. Her new position was similar to her former job. The former employers sued to enforce the anticompetitive covenants in the original contracts. Discuss the probable outcome of the lawsuits