An Agreement to Refrain from a Particular Trade,profession,or Business Is

question 11

Multiple Choice

An agreement to refrain from a particular trade,profession,or business is enforceable if:

• A)the purpose of the restraint is to protect a property interest of the promisee.
• B)the agreement is for no longer than two years.
• C)the restraint is no more extensive than is reasonably necessary to protect the promisee's property interest.
• D)Both (a) and (c) are correct.

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Definitions:

Manufacturer

Business that makes a product and sells it to its customers.

Accounting Organization

An entity or structured group that sets accounting standards, rules, and provides guidance for accounting practices and procedures.

Corporation

A legal entity distinct from its owners, possessing rights to own property, incur debts, sue and be sued.

Partnership

A legitimate business structure involving two or more people who jointly manage and benefit from the profits.