At Common Law,contracts in Restraint of Trade Are Generally Unenforceable

question 5

Multiple Choice

At common law,contracts in restraint of trade are generally unenforceable because they:

• A)discourage industry and enterprise and reduce competition.
• B)injure one of the parties by reducing their means of earning a livelihood.
• C)deprive the public of the services of one of the parties.
• D)all of the above.

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Definitions:

Financial Loss

The loss of money or decrease in financial value in an investment, transaction, or business operation.

Microchips

Small electronic components consisting of integrated circuits used in various devices for processing, storage, and control purposes.

Export and Import Permits Act

Legislation that controls the export and import of specific goods and technologies to and from a country, requiring permits for certain items to ensure national security and compliance with international agreements.

Bill of Lading

A bill of lading is a legal document issued by a carrier to the shipper, detailing the type, quantity, and destination of the goods being transported.