An Agreement to Refrain from a Particular Trade, Profession, or Business

question 7

Multiple Choice

An agreement to refrain from a particular trade, profession, or business is enforceable if:

• A) the purpose of the restraint is to protect a property interest of the promisee.
• B) the agreement is for no longer than two years.
• C) the restraint is no more extensive than is reasonably necessary to protect the promisee's property interest.
• D) Two answers are correct but not all three.

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Definitions:

Block Style

In typing or word processing, a format where all parts of a document align to the left margin without indentations, commonly used in business communication.

Indented Paragraphs

Indented paragraphs involve formatting where the first line of the paragraph starts a few spaces to the right of the left margin, used for emphasis or to denote a new section or idea.

Limited Resources

Refers to the finite availability of certain resources that people use for production and living.

Economies Of Scale

The cost advantage achieved by increasing production, which typically reduces the average costs per unit through improved efficiency.