When a contract for the purchase and sale of a business is concerned, a term...
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Accounting
When a contract for the purchase and sale of a business is concerned, a term of the contract that limits the vendors ability to conduct a similar business activity after the sale, is presumed by the courts to be a. Unreasonable as a term in restraint of trade b. Reasonable as a necessary part of business c. Unreasonable but the courts will adjust the temporal and geographical restrictions to ensure more reasonable restrictions
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