Where a Stipulation in Restraint of Trade Is a Part

question 49

True/False

Where a stipulation in restraint of trade is a part of the contract for the sale of a business,it may be valid if the restraint is within reasonable limitations to protect the business's goodwill.

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Definitions:

Expected Value

The forecasted value of a variable, determined by adding together all potential values, each weighted by its likelihood of happening.

Risk Neutral

A situation or attitude where an individual or entity is indifferent to risk when making a decision.

Risk Lovers

Individuals or entities who prefer or are attracted to investments or situations with a higher level of uncertainty and potential for greater returns.

Risk Takers

Individuals or entities that are willing to take risks in pursuit of gain, often characterized by investments in ventures with uncertain outcomes.