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In Hicklin Engineering V

question 95

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In Hicklin Engineering v.R.J.Bartell,where Bartell quit working for Hicklin and formed a company that competed with Hicklin,which then sued Bartell for theft of trade secrets,the appeals court held that:


Definitions:

Cash Expenses

These are expenses that require an immediate outlay of cash by the business.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, a fundamental concept in economics and financial decision-making.

Underground Storage

Facilities used for storing various substances below the earth’s surface, often pertaining to fuel and hazardous materials.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from total revenue, indicating the company's profitability.

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