Which of the following is an INCORRECT statement regarding covenants not to compete?
A. In order to be enforceable, a covenant not to compete must be reasonable regarding the duration of the restriction.
B. The reasonableness of covenants not to compete is examined on a uniform basis.
C. If a covenant not to compete is unreasonable, the courts may either: 1] refuse to enforce it; or 2] change it so that it is reasonable; usually, courts choose the first
option.
D. In order to be enforceable, a covenant not to compete must be reasonable regarding the geographic area protected.
E. In order to be enforceable, a covenant not to compete must be reasonable regarding the line of business protected.
Which of the following is an incorrect statement regarding the enforceability of contracts entered into intoxicated persons?
Which of the following is an INCORRECT statement regarding the enforceability of contracts entered into by intoxicated persons? Under the majority rule, all contracts entered into by intoxicated persons are void.
Which of the following is correct about contracts entered into by insane persons quizlet?
A contract entered into by a person adjudged insane is void. being insane but not having been adjudged insane by a court or an administrative agency. A contract entered into by such a person is generally voidable.
What is an enforceable contract quizlet?
A legally enforceable agreement to do or not to a specified action/thing. Uniform Commercial Code.
What does the statement an agreement that is enforceable by law define?
A contract is an agreement that is enforceable by law. A promise or a number of promises that are not contradicting and are accepted by the parties involved is an agreement. A contract is only legally enforceable.