1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergeinik [125]
3 years ago
13

The seller of a dry cleaning business has agreed not to open another dry cleaning business for two years within a one-mile radiu

s of the sold business. Such an agreement: a. is void as against public policy. b. is void as usurious. c. is valid and enforceable. d. is void as unconscionable.
Business
1 answer:
algol [13]3 years ago
6 0

Answer:

c. is valid and enforceable

Explanation:

In business,  this is called a Non-Compete Clause.

Non-Compete Clause can prevent a certain individual or organization to compete with another business , as long as both parties con sensually sign the agreement.

Typically, Non-Compete clause is required after all the parties involved have some sort of affiliation toward one another/

<u>for example:</u>

1. One party just bought the business from another party.

2. One party is an ex-members/ex-employees of another party. Making them know internal secrets of that other party.

You might be interested in
On september 1, abc company borrowed $50,000 on a 6%, 9 month note payable to xyz national bank. given no previous adjusting ent
Westkost [7]

To determine the answer to this, let us first determine the interest using the formula:

Interest = Principal amount * Interest rate * Number of months / 12

September to December would be 4 months, therefore:

Interest = $50,000 * 0.06 * 4/12

Interest = $1,000

Therefore the adjusting entry should be:

debit to Interest Expense of $1,000

8 0
3 years ago
Read 2 more answers
A lower expected return means a higher risk will have to be accepted. true false
Alex777 [14]

The statement "A lower expected return means a higher risk will have to be accepted. " Is false. This is further explained below.

<h3>What is the expected return?</h3>

Generally, According to the proverb, "A lower projected return indicates a bigger risk will need to be taken." Is false

In conclusion, The amount of profit or loss that an investor might anticipate obtaining as a result of the investment is referred to as the anticipated return. To get an anticipated return, first, multiply all of the possible outcomes by the percentage chance that each one will occur, and then add up all of those products. It is impossible to provide a guarantee on expected returns.

Read more about the expected return

brainly.com/question/24173787

#SPJ1

8 0
2 years ago
Last year both a borrower and a lender expected an inflation rate of 3 percent when they signed a long-term loan agreement with
valentina_108 [34]

Answer:

B. The lender would benefit.

Explanation:

Based on the information provided within the question it can be said that in this scenario the one who would benefit from a lower inflation rate would be the lender. That is because by there being a lower inflation rate it means that the money that the borrower needs to pay back the loan does not have the buying power he predicted it would have when he borrowed it. Meaning that he would need to pay more money to the lender than originally anticipated.

4 0
3 years ago
Read 2 more answers
Who is affected by our government’s fiscal policies?
Norma-Jean [14]

The answer is C- The entire economy

3 0
3 years ago
This marketing strategy involves marketing products that are similar to ones already on the market and are in-line with cultural
kari74 [83]

Answer:

B, Cultural congruence

Explanation:

Cultural congruence is a kind of marketing technique/strategy in which a new product with similar characteristics as with the currently existing product is marketed. This technique of marketing helps to reduce resistance as consumers see the new product as the same as the existing product.

I hope this helps.

6 0
3 years ago
Other questions:
  • the table you're working at keeps wobbling you decide to fix it by making a thick pad of paper from folded sheets of paper. each
    5·1 answer
  • Mass company is investing in a giant crane. it is expected to cost $6.0 million in initial investment, and it is expected to gen
    5·1 answer
  • In selecting machine usage as the primary cost driver of overhead costs for the Production​ Department, management feels that th
    14·1 answer
  • g In 2009, an agricultural company introduced a new cropping process which reduced the cost of growing some of its crops. If sal
    15·1 answer
  • Martin Distributors has the following transactions related to notes receivable during the last two months of the year.
    6·1 answer
  • What is a market segment?
    12·2 answers
  • A statistical method for identifying cost behavior
    9·1 answer
  • Total product is the total​ _____ of a good produced in a given period.
    10·1 answer
  • On January 8, the end of the first weekly pay period of the year, Regis Company’s payroll register showed that its employees ear
    10·1 answer
  • The seeking sustainability box shows us that consumer relationship building can mean many different things. in this case, campbe
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!