Suppose that Jack and Hal and Sophia enter into an agreement to sell the restaurant. The contract includes the non-competition agreement. A few months later, Jack decides that he will sell the frozen food in violation of non-competition agreement unless if Hal and Sophia agree to pay him an extra $100,000. Hal and Sophia agree since they do not want to fight. Six months later, however the still have not paid and Jack sues. What is the result?
A. Hal and Sophia would win since agreeing to not do something, in this case sell the food, is not valid consideration. B. Hal and Sophia would win, since Jack already had a prior existing legal duty to not compete with them. C. Jack would win since agreeing to not do something, in this case sell the food, is not valid consideration. D. Jack would win since Hal and Sophia agreed to pay the extra $100,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose that Jack and Hal and Sophia enter into an agreement to sell the restaurant. The contract includes the non-competition agreement. A ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Wanda is a prosecutor. She has presented her case and is now waiting for the defense to present the opposing side.
Answers (1)
Which of these is a pro of being a wage earner? A. You usually do not get to choose which projects you work on. B. Your wages, hours, and level of responsibility are up to someone else. C. You are usually not in charge. D.
Answers (1)
True or False: Suppose that the hypothetical country of Kernaland has a chronic scarcity of corn, its staple grain. This implies that the residents of Kernaland need to ration corn.
Answers (1)
Compare and contrast the potential for a perfectly competitive firm and a monopolistically competitive firm to earn positive economic profits in the short run versus the long run. Explain your reasoning.
Answers (1)
The following section is taken from Ivanhoe's balance sheet at December 31, 2021. Current liabilities Interest payable $ 47,500 Long-term liabilities Bonds payable (8%, due January 1, 2025) 575,000 Interest is payable annually on January 1.
Answers (1)
New Questions in Business
Suppose that last year $30 billion in new loans were extended by banks while $50 billion in old loans were paid off by borrowers. What happened to the money supply?
Answers (1)
Describe at least three design decisions you could make to create a clear, effective presentation
Answers (1)
Compare hte provision for the nonrecognition of gain or loss on contributions to a partnership (i. e., § 721) w ith the similar provision related to corporate formation (i. e., § 351). What are the major differences and similarities?
Answers (1)
What is installment credit
Answers (2)
A fire causes $25,000 in damage to company's tools and equipment. If the company has a commercial property insurance policy with $5,000 deductible, how much will the company have to pay to repair the damage?
Answers (1)