Suppose that Jack, Sophia, and Hal enter into a contract to close on the business without the non-competition agreement. Jack states that he would probably sign the non-competition agreement if they included an extra $100,000. A month later, Hal and Sophia bring Jack $100,000. What is the result?
a. Jack cannot change his mind, since he stated that he would probably accept $100,000 additional for the non-competition agreement.
b. If Jack does not accept the $100,000, he may not sell the frozen food, but only for a reasonable amount of time.
c. If Jack does not accept the $100,000, there is a valid contract for the sale of the business, without a non-competition clause.
d. If Jack does not accept the $100,000, there is no valid contract for the sale of the business or for the non-competition agreement.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose that Jack, Sophia, and Hal enter into a contract to close on the business without the non-competition agreement. Jack states that ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Ali buys a new pair of shoes at a shoe store. to which of the arrows does this transaction directly contribute?
Answers (1)
Child labor and sweatshops have existed since the Industrial Revolution and even before that. Many products sold today are created in these sweatshops, even though, living in the 21st century, we like to think we are above such practices.
Answers (1)
Which of the following accounts is an asset? A. Service RevenueB. Accounts PayableC. Prepaid ExpenseD. Salaries Expense
Answers (1)
The annual revenue of the tie-dye t-shirt operation is currently $5,000 but is decreasing by $500 each year. how fast are annual sales changing?
Answers (1)
Suppose that JVC is trying to decide how to price a new stereo system composed of a receiver, CD player, and speakers. The company's economists have estimated that two different groups will purchase these products: students and club owners.
Answers (1)
New Questions in Business
1. Use the accounting equation to solve for equity. 2. If next year assets increased by $ 4 comma 200 and equity decreased by $ 2 comma 580 , what would be the amount of total liabilities for Jefferson Handyman Services?
Answers (1)
Explain how technology has dramatically affected the efficiency and effectiveness of finding customers.
Answers (1)
What the consumer of research and the producer of research roles have in common?
Answers (1)
England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 50 scones per hour or 1 sweater per hour. Suppose that a Scottish worker can produce 40 scones per hour or 2 sweaters per hour.
Answers (1)
Where are production jobs most likely to be located? Europe Indonesia Japan Canada
Answers (1)