<span>The question is incomplete, here is the complete question which I previously came across;</span>
When Janice went to work as a hair stylist in Rick's beauty shop, she entered into an agreement with Rick, whereby, if she left she would not work for another beauty shop within 50 miles for 2 years. Rick trained Janice in a number of new techniques. After nine months, Janice was offered a great job down the street at a new beauty shop, quit Rick, and had a number of customers follow her down the street to her new job. Rick claimed that she had signed a contract and had no right to go to work at the new shop. Janice disagreed and told Rick that no judge in the country would enforce such an agreement. Janice told Rick that she was more worried about a customer, Treena, who was threatening to sue her because her hair turned green after Janice worked on it. Janice agreed that Treena's hair was damaged. Janice pointed out, however, that she told Treena that odd results could result from a dye attempt, and she required that Treena sign a contract releasing Janice from all liabilities before she did anything with Treena's hair. Treena, however, sued anyway. The agreement Rick and Janice entered into is referred to as?
The answer is, the agreement Rick and Janice entered into is referred to as "<span>covenant not to compete".</span>
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It is hard
to decide if a judge will implement a non-competition agreement. While the privileged insights of a business are important,
the law additionally puts value to a person's opportunity to seek after other
work. To be enforceable Courts more often than not require that a contract not
to compete be sensible. In California, non-competes are adequately unlawful
except if you are selling a business. Different states will implement a few provisions,
as a rule the trade secret protection, however not the work limitations.
Answer:
13.73%
Explanation:
Effective annual rate = (1 + APR / m ) ^m - 1
M = number of compounding = 365
= 0.1373 = 13.73%
Answer:
C) $40,000 inventory basis, $15,000 JM basis.
Explanation:
JM distributed $80,000 worth of inventory, since Marcella has a 50% partnership interest, then half of the inventory belongs to her, $40,000 (= $80,000 / 2).
Since Marcella also received $10,000 in cash from JM, then her remaining basis in the partnership is:
$65,000 - $40,000 - $10,000 = $15,000
Option D. The size of the market
This is because they have an idea that with a larger market size the can gain economies of scale and make a larger profit.
