A Restrictive Covenant Imposed as Part of a Sale of an Ongoing

question 24

True/False

A restrictive covenant imposed as part of a sale of an ongoing business will be enforced even if the restrictions are unreasonable.

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Definitions:

Say's Law

Say's Law, often summarized as "supply creates its own demand," is an economic theory that suggests that production is the source of demand.

Equation of Exchange

An economic formula that represents the relationship between the money supply, its velocity, the price level, and the volume of transactions in the economy.

Keynesian Theory

An economic theory which asserts that government intervention through fiscal policy can influence macroeconomic productivity levels.

Keynesian Economics

An economic theory proposed by John Maynard Keynes, suggesting that government intervention can stabilize economies by managing demand.