At Common Law,a Clause in an Agreement Between a Purchaser

question 11

Multiple Choice

At common law,a clause in an agreement between a purchaser and vendor for the sale and purchase of a business that provides that the vendor will not carry on the same business within a radius of 1500 kilometres of the business being sold

• A)is void for public policy.
• B)is not reasonable and amounts to a restraint of trade.
• C)is perfectly reasonable and will be enforced by the court.
• D)is an illegal clause and therefore void.
• E)none of the above

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Definitions:

Competition

The rivalry between individuals, businesses, or any entities that strive for the same objective or market.

Kitchen

A room or area where food is prepared and cooked, equipped with appliances and utensils.

Primary Succession

The process of ecological succession that occurs in an environment in which new substrate devoid of vegetation and other organisms usually lacking soil, such as a lava flow or area left from retreated glacier, is deposited.

Keystone Species

A critical organism in an ecosystem that many other species depend upon, whose removal would lead to significant alterations in the ecosystem.