Which of the Following Is Not Required for an Enforceable

question 137

Multiple Choice

Which of the following is not required for an enforceable covenant not to compete?

• A)sale of a business
• B)reasonable geographic scope
• C)reasonable time limits
• D)All of the above are required.

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Definitions:

Withdrawals Account

An account in bookkeeping where amounts drawn out from the business by the owner for personal use are recorded.

Revenue Account

An account that tracks the income earned by a company from its operational activities, excluding expenses.

Fees Earned Account

An income account that records the revenue earned from services provided or fees charged.

Capital Account

An account on the balance sheet representing the cumulative amount of the company's earnings, investment, or losses.