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Trava [24]
3 years ago
9

Assume that Jack, Hal, and Sophia enter into a valid contract for the sale of the restaurant and for the covenant not to compete

for five years. After three years, Jack starts selling frozen foods in violation of the covenant not to compete. Hal and Sophia sue, and the judge feels that the time restraint in the covenant not to compete was unreasonably long. Which of the following would likely be an appropriate remedy?
A. Quasi contract.
B. Rescission and restitution.
C. Reformation.
D. Specific performance.
Business
1 answer:
Andrei [34K]3 years ago
6 0

Answer: C. Reformation

Explanation: A non-compete agreement or clause is a legal binding entered into by two or more parties which restricts the parties from being in competition with the other usually through the sale of similar product. However, in the context above, since the non-compete clause has been breached by Jack, and the judge feels the time constraint in the clause was unreasonably long, The reformation process will be best to remediate the situation, which refers to the change or alteration of the terms of an existing document using the judicial process and requires the conformation of the parties involved.

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To fully leverage the capacity of the health workforce and align care processes to emerging financial incentives, scope-of-pract
Delicious77 [7]

The scope of practice regulations for <u>Nurse Practitioners (NP)</u> should be reconsidered.

Across the states, there is substantial variation in the scope of practice permitted to NP’s. Some states allow NP’s to provide care independently without the need for physician collaboration or supervision, while other states do not allow NP’s to do so. Thus there is a great need to align the regulations set for NP’s.

4 0
3 years ago
A stock has annual returns of 5 percent, 21 percent, -12 percent, 7 percent, and -6 percent for the past five years. The arithme
sergij07 [2.7K]

Answer:

Arithmetic = 3%

Geometric = 2.37%

Explanation:

The arithmetic average of 'n' returns is given by:

A = \frac{\sum r_i}{n}

For five returns of 5% ,21%, -12%, 7%, and -6%:

A=\frac{0.05+0.21-0.12+0.07-0.06}{5}\\ A=0.03=3\%

The geometric average of 'n' returns is given by:

G=\sqrt[n]{(1+r_1)*(1+r_2)*...*(1+r_n)}-1

For five returns of 5% ,21%, -12%, 7%, and -6%:

G=\sqrt[5]{(1+0.05)*(1+0.21)*(1-0.12)*(1+0.07)*(1-0.06)}-1\\G=0.0237=2.37\%

8 0
4 years ago
Multi-market competition occurs when two or more diversified firms:
azamat

Answer:

The correct answer is letter "D": simultaneously compete against each other in the same product areas geographic markets.

Explanation:

Multi-market competition happens when companies offering a similar product make contact in multiple markets. The level o competition shapes according to the region where the goods or services are being offered and in different markets, different consumers decide which company is taken as the preferred.

Though, the constant contact of competitors in different regions could decrease their competition since they might use their mutual help in adverse areas to be able to conduct their businesses.

3 0
4 years ago
Tim Company had sales of $30,000, increase in accounts payable of $5,000, decrease in accounts receivable of $1,000, increase in
ipn [44]

Answer:

$31,000

Explanation:

decrease in accounts receivable = $1,000

Sales = $30,000

Cash collected from customers = Sales plus decrease in accounts receivables

                                                    = $30,000 + $1000

                                                    = $31,000

The decrease in account receivables represents the collection of cash from a customer. If sales amount to $30,000, all must have been collected in cash hence no amount was outstanding to increase receivables. Hence the addition of the two items gives the cash collected from customers.

5 0
4 years ago
An employee of yours is 57 years old and is taking an RS5000 class to learn how to program the next generation of Programmable L
Firlakuza [10]

Answer:

D. maintenance

Explanation:

The stages of career development according to Donald Super are divided into 5; the first is the growth stage, the second is exploration stage, the third is establishment and the fourth is the maintenance stage and the fifth is the disengagement stage

In the maintenance stage, the age range is from 45 - 59 years. Such employees are holding on in their chosen profession, the are also updating their skills in that profession (the employee's class to learn how to program the next generation of programmable logic controllers)

Employees in the area of technology in the maintenance stage especially feel like abreast happenings, innovation and development so this pushes them to further develop themselves.

5 0
3 years ago
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