Ralph Is a Professional Football Player

question 15

Multiple Choice

Ralph is a professional football player.He signs a valid contract with the Jets.Later,the Giants offer him more money,so he signs a contract with them.If the Jets sue Ralph,what would the most likely result be?

• A)The court will order Ralph to play with the Jets.
• B)The court will order Ralph to play with the Jets,but Ralph is entitled to be paid the amount he negotiated under the Giants contract.
• C)The court will issue a preliminary injunction barring Ralph from playing with any team other than the Jets during the course of the lawsuit.
• D)The court will order Ralph to pay compensatory damages in the amount of the difference between the two contracts.

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Definitions:

Income

Money received, especially on a regular basis, for work or through investments.

Spending

The act of disbursing money or resources for various purposes, including procurement, operations, and investments.

IRR

Internal Rate of Return, a financial metric used to evaluate the profitability of potential investments.

Net Cash Flow

The difference between a company's cash inflows and outflows within a specified period.