In the Sale of a Business, All the Following Elements

question 29

Multiple Choice

In the sale of a business, all the following elements are necessary to create an enforceable noncompete clause, except:

• A) not unduly burdensome on buyer
• B) reasonable time limitation
• C) estimated value of the seller's business
• D) geographic restriction not overly broad

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Definitions:

Black Slavery

The forced labor and enslavement of African people and their descendants, predominantly in the Americas, from the 16th to the 19th century.

Portuguese

Relating to Portugal or its people, language, or culture.

Marco Polo's Travels

The journeys of the Venetian merchant and explorer Marco Polo in the late 13th century, which are famously documented in "The Travels of Marco Polo," describing his experiences in Asia.

Direct Trade

A commercial model that aims to reduce the number of intermediaries in the supply chain, often in an effort to ensure fairer prices for producers and closer relations between consumers and producers.