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Andreas93 [3]
3 years ago
8

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 sh

e 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 who was threatening to?
Business
1 answer:
ASHA 777 [7]3 years ago
3 0

<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>

<span>
</span>

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.

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Answer:

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Explanation:

All of the following is true about a "credit"

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II. It represents a decrease to assets because just like the principle states: 'credit the giver and debit the receiver', it therefore implies that a 'credit' entry will decrease the balance on the account because it is giving.

III. It represents an increase to liabilities because liability accounts already have credit balances by nature, therefore a 'credit' entry will be increasing the already existing credit balance.

IV. It is on the right side of a T-account.  This is a true statement because in T-account construction the debit is on the left and the credit on the right.

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The following selected transaction were completed by gourmet company during January of the current year:
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Answer:

January 1.

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Merchandise $65,000 (debit)

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Accounts Payable -  AlFA. Co.  $65,000 (credit)

Cash $650 (credit)

January 3.

Merchandise $91,000 (debit)

Accounts Payable -  fogel Co.  $91,000 (credit)

January 4.

Accounts Payable -  fogel Co.  $7,000 (debit)

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January 5.

Accounts Payable -  AlFA. Co.  $65,000 (credit)

Discount Received $1,300 (credit)

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January 6.

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January 7.

Merchandise $82,900 (debit)

Freight $750 (debit)

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