Which of the Following Scenarios Is the Best Description of an Invalid

question 1

Multiple Choice

Which of the following scenarios is the best description of an invalid restraint on trade?

• A)A restraint upon a solicitor from carrying on business in the same city for one year after the sale of the practice.
• B)A restraint upon the vendor of a business from carrying on a similar business within the same district in the next 3 years.
• C)A restraint upon an employee from divulging trade secrets.
• D)A restraint upon the vendor of a business from carrying on a similar business anywhere for the rest of his life.

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Definitions:

Current Account

A part of the balance of payments of a country, accounting for trade balance, net primary income, and net secondary income transactions with foreign entities.

Surplus

A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to price reductions.

Deficit

A financial situation where expenditures exceed revenue, leading to a shortfall that must be financed through borrowing or existing reserves.

Foreign Assets

Investments or properties owned by individuals or entities in countries other than their home country.