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 effect does a rise in the cost of machinery or raw materials have on the cost of a good?
Answers (1)
The value of a business owner's time is an example ofa. an opportunity cost. b. a fixed cost. c. an explicit cost. d. total revenue.
Answers (1)
What do some of hansberry's word choices in describing the setting tell us about the family?
Answers (1)
In addition to the $10 per meal pricing, there is an "all-you-care-to-eat" deal. what is the most that you would be willing to pay for a meal plan that allows you to eat unlimited meals during a weekend at no cost for each meal? explain
Answers (2)
Define cultural intelligence How important is it terms of doing business globulty
Answers (1)
New Questions in Business
Assume the total cost of a college education will be $345,000 when your child enters college in 18 years. You presently have $73,000 to invest.
Answers (2)
Who among the following is a manager with good time-management skills? a. Jim, who completes tasks mostly through his own efforts to ensure consistency b. Lee, who performs at least five activities at a time to increase productivity c.
Answers (1)
Joseph ray just received an inheritance of $35,775 from his great aunt. he plans to invest the funds for retirement. if joseph can earn 4.
Answers (1)
The three types of manufacturing costs in a job order costing system include
Answers (1)
acuBlade Castings Inc. casts blades for turbine engines. Within the Casting Department, alloy is first melted in a crucible, then poured into molds to produce the castings.
Answers (1)