In the Sale of a Business, All the Following Elements

question 29

Multiple Choice

In the sale of a business, all the following elements are necessary to create an enforceable noncompete clause, except:

• A) not unduly burdensome on buyer
• B) reasonable time limitation
• C) estimated value of the seller's business
• D) geographic restriction not overly broad

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Definitions:

Bell Mobility

A Canadian telecommunications and wireless service provider that offers a range of mobile services, including voice, text, and data communications.

Telus Mobility

A Canadian wireless network operator and a division of Telus Communications offering mobile voice, text, and data services.

Free Market

An economic system in which prices are determined by unrestricted competition between privately owned businesses.

Economic Growth

The increase in the inflation-adjusted market value of the goods and services produced by an economy over time, often measured as the percentage increase in real gross domestic product (GDP).