Rick Was a Talented Computer Programmer and Had Agreed to Work

question 66

Multiple Choice

Rick was a talented computer programmer and had agreed to work for Bill in his successful computer software business, signing a one-year contract to that effect. On the day he was to start work, and after a week of training where he learned a considerable amount of confidential information about Bill's operation, he phoned Bill and announced that he was going to work for Bill's competitor instead. Which of the following is the appropriate remedy in these circumstances?

• A) Rescission
• B) Injunction
• C) Specific performance
• D) Accounting
• E) No remedy

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Definitions:

Table: Price Elasticity

A tabulated representation that shows how the quantity demanded of a good or service responds to changes in its price, indicating the sensitivity of consumers to price changes.

Midpoint Formula

A method used in economics and mathematics to calculate the average of two points on a line, often employed to find the elasticity of demand.

Chocolate-Covered Peanuts

Peanuts that have been coated in chocolate, serving as a sweet and crunchy snack.

Total Revenue

The total value of sales of a good or service (the price of the good or service multiplied by the quantity sold).