[Zaltar Zeb] Zeb Suffers from Delusions That He Is from the Planet

question 84

Multiple Choice

[Zaltar Zeb] Zeb suffers from delusions that he is from the planet Zaltar. Zeb's contract with DigiTV, his digital television service provider, has expired. After comparing his past payments to the potential savings from satellite television provider SatTV, Zeb decides to sign a two-year contract with SatTV. After six months with SatTV, Zeb realizes he paid less with DigiTV and he now wants to be released from his contract with SatTV.
-LouAnn has spent the past 15 years building a bakery business and her reputation in her small community shows by her high volume of sales and her customer loyalty. Dillon contracts with LouAnn to purchase her bakery. What type of agreement would a court allow Dillion and LouAnn to enter into in the sale of this business?

• A) A restrictive covenant
• B) A restrictive adhesion contract
• C) An exculpatory agreement
• D) A usury agreement
• E) A performance based agreement

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Definitions:

Dividend Payouts

The portion of a company's earnings that is distributed to shareholders in the form of cash or additional shares.

Accounts Receivable

Outstanding payments from customers to a firm for received goods or services that remain unpaid.

Financial Plan

A comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values, and withdrawal plans.

Shareholder Wealth

The total value of an individual's ownership stake in a publicly traded corporation, often measured in terms of stock price appreciation plus dividends received.