A ________ is a contract that provides that a seller of a business or an employee will not engage in a similar business or occupation within a specified geographical area for a specified time following the sale of the business or termination of employment.
A) quasi-contract
B) contract in restraint of trade
C) covenant not to compete
D) contract of adhesion

Question

Quizplus · Accepted Answer

A covenant not to compete is a specific type of contract in restraint of trade that limits the ability of the seller or employee to compete with the buyer or former employer. Quasi-contracts are not true contracts but rather legal remedies to prevent unjust enrichment. A contract of adhesion is a one-sided agreement in which one party has all the bargaining power, and the other party is forced to accept the terms or lose the opportunity.

A ________ Is a Contract That Provides That a Seller