Darren is a certified interior designer with a lucrative client list in the city of kelsa, situated in the state of touslon. his business affords him a substantial amount of goodwill from his clients. darren sells his accounting interior designing business to glenda. when he sells his business to glenda, darren agrees not to open another interior designing firm in the city of kelsa for a 5 year period. what kind of agreement exists between darren and glenda in this case?

a. contract in restraint of trade

b. covenant not to compete

c. unconscionable contract

d. quasi-contract

all my questions that will be posted will be business law

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business. true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.