Suess Signed a Contract Which Included a Covenant Not to Compete

question 60

Multiple Choice

Suess signed a contract which included a covenant not to compete with his old employer for a year.When Suess quit,he went into competition with his former employer and was sued.He argued that the covenant was not valid.The court held:

• A)Suess was right,all such covenants are void
• B)in all states,such covenants violate public policy
• C)such covenant are unconscionable in all states
• D)the covenant is probably valid in states that allow them
• E)the covenant was not backed up by consideration,so there was no contract to be violated

Apply principles of microeconomics to solve problems involving the allocation of resources among individuals.

Understand the impact of individual preferences on collective decisions.

Explain the relationship between private consumption expenditures and the provision of public goods.

Understand the economic principles behind publishing textbooks and the impact of new editions on market dynamics.

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Definitions:

Witches

Often portrayed as individuals, typically women, who practice witchcraft or magic, historically perceived in various cultures either as possessing supernatural powers or being in league with the devil.

Dominant Groups

Social or ethnic groups that hold significant power, influence, and privilege in society, often setting norms and standards for others to follow.

Functional Perspective

A theoretical framework in sociology that emphasizes the functions or purposes of various social structures and institutions in maintaining the stability and equilibrium of a society.

Individual

A single human being distinct from a group, class, or family.