An Agreement to Restrain Trade May Be Void on the Grounds

question 43

Multiple Choice

An agreement to restrain trade may be void on the grounds that it is:

• A) fraudulent.
• B) contrary to public policy.
• C) illegal lobbying.
• D) unfair to merchants.

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Definitions:

Contract Rate

The interest rate stated in a contract, such as a loan or bond agreement.

Present Value

The value in present terms of a sum of money or cash flows due in the future, determined with a set rate of return.

Future Cash Receipts

Expected inflow of cash to a business as a result of its operational activities, investments, or financing.

Installment Note Payment

Payments made regularly on a loan that includes both interest and a portion of the principal.