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Reed Agrees to Sell His Sports Equipment Store to Taylor

Question 34

Multiple Choice

Reed agrees to sell his Sports Equipment store to Taylor. As part of the sale, Reed promises not to open a similar, competing store anywhere. This promise is most likely​


A) ​invalid because it is part of a sale of an ongoing business.
B) ​invalid because of the unreasonable terms of area and time.
C) ​valid because it is part of a sale of an ongoing business.
D) ​valid if Reed and Taylor are reasonably intelligent.

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