A Contract Limiting the Rights of Others to Go into Business

question 2

Multiple Choice

A contract limiting the rights of others to go into business in a specific industry or line of business for a specified period is called a

• A) noncompete covenant.
• B) leasehold.
• C) license.
• D) trademark.

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Definitions:

FIFO

Stands for "First In, First Out," a method used in inventory and financial accounting to manage and value inventory by selling or using assets in the order they were acquired.