Restraint of Trade Clauses Are Generally Void at Common Law

question 26

Multiple Choice

Restraint of trade clauses are generally void at common law because they:

• A) Discourage industry and enterprise and reduce competition.
• B) Injure one of the parties by reducing their means of earning a livelihood.
• C) Deprive the public of the services of one of the parties.
• D) All of the above.

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Definitions:

Compounded

In finance, it refers to the process where interest is calculated on the initial principal and also on the accumulated interest of previous periods.

Actual Annual

Refers to the true or realistic yearly financial or quantitative performance or output of an entity or activity.

Interest Rate

The cost of borrowing money or the return for investing money, usually expressed as a percentage of the principal amount per year.

Economic Rent

The portion of income earned from a factor of production (land, labor, or capital) that exceeds the minimum amount necessary for it to be utilized in its current use.