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
What is the incidence of a tax? Question 43 options: The sum of a tax and a product's price The ratio of a tax to a product's price The levying of a tax on consumers The final burden of a tax
Answers (1)
Suppose a hat manufacturer currently sells 2,000 hats per week and makes a profit of $5,000 per week. The plant owner observes, "Although the last 300 hats we produced and sold increased our revenue by $1,000 and our costs by $1,100, we are still
Answers (1)
What are 4 factors that affect a person's earning power?
Answers (1)
Using the Performance Planner on a monthly basis allows you to optimize which two aspects of an account? (Choose two.) A) KeywordsB) BidsC) BudgetsD) Ad extensionsE) Ads
Answers (1)
If an employer chooses a per diem method of substantiation for travel expenses, a. The high-low method averages the high-cost locality and low-cost locality per diem rates to arrive at an average rate. b.
Answers (1)
New Questions in Business
Murphy company produces flash drives for computers, which it sells for $20 each. each flash drive costs $8 of variable costs to make. during april, 700 drives were sold. fixed costs for april were $4 per unit for a total of $2,800 for the month.
Answers (1)
Patti would like more information about product recalls. Which of the following resources would not be reliable and relevant?
Answers (1)
Consider the portfolio choice theory of money demand. how do you think the demand for money will be affected during a hyperinflation (i. e., monthly inflation rates in excess of 50%) ?
Answers (2)
In the bottom of the 9th inning in a tie game, the leadoff batter for the home team hits a double. According to researcher Tom Tango, teams in this situation have a win probability of 0.807.
Answers (1)
Ron shaich is describing how he and his team evaluated their different businesses and sold off some of them. according to the bcg matrix, which portfolio category should be analyzed for possible sale?
Answers (1)