Koko Signs a Covenant Not to Compete as Part of a Sale

question 21

Multiple Choice

Koko signs a covenant not to compete as part of a sale of her ongoing medical equipment business to Laurel Valley Medico, Inc., in exchange for a bonus payment. If the covenant is reasonable, it will most likely be enforceable by

• A) both parties.
• B) Koko, but not Laurel Valley.
• C) Laurel Valley, but not Koko.
• D) neither party.

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Definitions:

"I Knew It All Along"

A cognitive bias, also known as hindsight bias, where people believe they accurately predicted an event or outcome that could not have been reasonably foreseen.

Confirmation Bias

The inclination to seek out, understand, prioritize, and remember information in a manner that validates one's already established beliefs or theories.

Trump Administration

The executive branch of the U.S. government from January 2017 to January 2021, under the presidency of Donald Trump.

Hard-Core Democrats

Individuals with strong allegiance to the Democratic Party in the United States, often supporting party policies and candidates unwaveringly.