Non-compete agreements are typically held to be illegal in most states. True False
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- Answer the question below in an appropriate format of legal essay with reference to relevant legal authorities. Your answer should be within the range of 1500 – 2000 words On Tuesday, Roopa World Ltd. (RW) offers to sell 500 wrist watches to Zumba Online Ltd. (ZO) at RM140.00 per watch. The offer to ZO is sent by fax and includes the following statement: “Please send an acceptance by 4pm today. Delivery will occur on Thursday”. ZO emails an acceptance at 2pm. The email is accidentally deleted by one of the administrative assistants at RW before it is passed on to RW’s management. Meanwhile, ZO enters into a contract with MySale Ltd to produce new wristbands that can be sold with the watches. Advise ZO whether there is a binding contract with RW.What are the advantages/disadvantages of the UCC? Describe how the UCC makes (or does not make) a party free to contract.When a broker is changing from a single agency relationship with a seller to a transaction broker, at what point in the transaction does this actually happen? At any time during a transaction, as long as the seller gives consent in writing. Only when the buyer consents in writing. At the closing. After the offer is signed.
- One of the disadvantages of a contract manufacturer is the retention of market control. True or false?The sale or transfer of a partner's transferable interest is a(n) act of the partner. Multiple Choice involuntary state-mandated voluntary federally mandatedLocate the doctrine in the UCC and describe “accommodation" in your own words. Be sure to provide a definition that is applicable in relation to the sale of goods and contracts. Now, apply the doctrine to the hypothetical below: You own Bo’s Garden Supplies and have used Mick’s Manure as a supplier for several years. Exchanging email, you and Mick agree that he will ship the usual 50 bags of manure around April 1st. On March 30th, he emails you to say that there was a shortage of full-size manure bags so 100 bags, totaling the same amount of manure, are on their way and will be there as of April. Is Mick in breach of contract? Why or why not? Please explain. What are your legal options?
- What is the difference in a nondisclosure and a non-compete agreement? What problems can arise in using nondisclosure and noncompete agreements to protect intellectual property?SECTION B Read the following extract and then answer the question belowTwo business entities come to you for assistance and they would like enter into a stock agreement supply. The other is a manufacturer and one is a retailer. It is their fist time to be committing to such a huge business arrangement and they both realise that it is important to do it right because as much as it looks like a great business deal, should it fail to work, it can lead to serious business losses that can even lead to liquidation and litigation. All they ask for is to be advised on the essentials of a valid business contract, and the need to explain conditions for compensating parties for breach of contract. In doing that, it is important to quote relevant authorities. Evaluate how the two enterprises need to be assisted.Suppose you are starting a new outdoor adventure business. You enter into an agreement with your best friend who sells camping tents wholesale for the purchase of 100 tents to be delivered to your retail storefront on Friday. Because you are best friends, you do not bother to negotiate any terms other than price and delivery date. Suppose that your best friend sends you the wrong tents instead, and 15 of them are damaged. Must you accept the tents? What are the legal options for you? What are the parties’ rights and responsibilities regarding the sale? Who will bear the risk of the lost?
- Explain the purpose of developing an OHS policy.Give an example of a contract that is illegal in Florida but legal in some other states in the United States.Signed contracts that permit one company to allow another to use its assets are known as which of the following? A) Management contracts B) Franchises C) Licensing agreements D) Royalties E) Joint ventures