Which of the Following Is Correct with Regard to an Enforceable

question 12

Multiple Choice

Which of the following is correct with regard to an enforceable restraint of trade?

• A) The restraint should be no more extensive than is required to protect a specified property interest.
• B) Restraints typically arise in connection with the sale of a business.
• C) A typical restraint is a covenant not to compete.
• D) All of these.

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Definitions:

Liability

The legal responsibility or obligation to compensate someone else for harm or damage caused by one's actions or failure to act.

Time Paper

Commercial paper or negotiable instruments, like promissory notes or bills of exchange, that have a specific maturity date.

Overdue

Referring to something, such as a payment or task, that has not been completed or paid by its due date.

Sunday

The day of the week considered the first day by some cultures and calendars and the seventh day by others, often associated with rest and religious activities.