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Darren Is a Certified Interior Designer with a Lucrative Client

question 18

Multiple Choice

Darren is a certified interior designer with a lucrative client list in the city of Kelsa, situated in the state of Touslon.His business affords him a substantial amount of goodwill from his clients.Darren sells his accounting interior designing business to Glenda.When he sells his business to Glenda, Darren agrees not to open another interior designing firm in the city of Kelsa for a 25-year period.
-Which of the following aspects of the contract would the courts find reasonable?


Definitions:

Payroll Taxes

Taxes imposed on employers or employees, usually calculated as a percentage of the salaries that employers pay their staff.

Net Pay

The amount paid the employee, calculated as gross pay less payroll deductions.

FICA Taxes

Taxes imposed on both employers and employees to fund Social Security and Medicare.

Social Security

A government program that provides financial assistance to individuals during retirement, disability, or upon the death of a parent or spouse.

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