Question
Which of the following will increase the chances that a covenant (agreement) not to compete clause will be enforced? Group of answer choices the restriction
Which of the following will increase the chances that a covenant (agreement) not to compete clause will be enforced?
Group of answer choices
the restriction is necessary to protect trade secrets.
the restriction involves a geographical area larger than the area in which the employer does business.
the covenant contains a "lifetime" restriction.
none of these, as covenants not to compete are an illegal restriction on an individual's right to work.
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Question 23
2pts
Covenants (agreements) not to compete:
Group of answer choices
must have at a minimum reasonable limitations.
are never enforced against individuals.
are always enforced against businesses.
are always enforced against individuals and businesses because they serve an important economic function.
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Question 24
2pts
Food, clothing, and shelter are the only things that the courts have been willing to define as being "necessaries."
Group of answer choices
True
False
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Question 25
2pts
While potentially enforceable, contracts that limit competition are disfavored by courts.
Group of answer choices
True
False
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Question 26
2pts
A person who is older than the age of majority may disaffirm a contract if:
Group of answer choices
None of these.
The other party is a minor who lied about his age
The other party is an emancipated minor.
The contract is for necessaries
Question 27
2pts
An exculpatory clause relieving a person from liability for her fraud will not be enforced.
Group of answer choices
True
False
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Question 28
2pts
If a covenant not to compete is too broad, a court will:
Group of answer choices
Choose either to strike the entire restriction, or adjust the clause to make it reasonable.
strike the entire restriction
adjust the clause to make it reasonable
shut the business down.
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Question 29
2pts
Both Regulatory and Revenue raising licensing statutes are designed to protect the public.
Group of answer choices
True
False
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Question 30
2pts
A minor normally is permitted to disaffirm a contract for the purchase of necessaries but remains liable for the reasonable value of the goods.
Group of answer choices
True
False
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