Jon agrees to sell his K9 Sports Equipment store to Lacy. As part of the sale, Jon promises never to open a similar, competing store anywhere. Jon’s 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 because Jon and Lacy apparently have the capacity to contract.
Answer:B
Jon agrees to sell his K9 Sports Equipment store to Lacy. As part of the sale, Jon promises never to open a similar, competing store anywhere. Jon’s 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 because Jon and Lacy apparently have the capacity to contract.