Which of the Following Would Always Be Considered to Be

question 45

Multiple Choice

Which of the following would always be considered to be contrary to public policy?

• A) A contract which contains a covenant not to compete
• B) A contract offered on a take-it-or-leave-it basis
• C) An agreement to pay someone to make false,negative statements about a competitor's product
• D) An agreement which contains an exculpatory clause

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Definitions:

Consolidated Financial Statements

Consolidated financial statements are financial reports that combine the financial operations of a parent company and its subsidiaries into one comprehensive document.

Liability

A financial obligation or debt that a company owes, which will need to be paid to creditors, suppliers, or other parties.

Consolidated Balance Sheet

A financial statement that presents the assets, liabilities, and shareholders' equity of a parent company and its subsidiaries as one entity.