Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 2 pts Portia is selling Portia's Pots [an established ower shop business) to Ramon. Included in the price is $50,000 for the shop's

image text in transcribed
image text in transcribed
Question 1 2 pts Portia is selling Portia's Pots [an established ower shop business) to Ramon. Included in the price is $50,000 for the shop's \"goodwill.\" The sales agreement contains a covenant not to compete clause that prevents Portia from opening a competing ower shop within a 5-mile radius for the next two years. Is the clause enforceable? O No. because ower shops only involve occupations that are \"common calling.\" 0 Yes, because noncompete clauses can only be illegal in employment contracts. 0 Yes, because it serves a legitimate business purpose, is reasonable in time, geographic area and scope, and does not impose an undue hardship. O No, because noncompete clauses are always against public policy

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Fundamental Accounting Principles

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

20th Edition

1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870

Students also viewed these Law questions

Question

explain five important changes in the world of work;

Answered: 1 week ago

Question

Rewrite the expression using exponents. 6.5.5 6.5.5=5

Answered: 1 week ago