Asked by
Monserrat Pintado
on Nov 27, 2024
Verified
A promise to refrain from competing in business with another is considered to be unconscionable.
Unconscionable
Actions or terms that are excessively unfair or oppressive and not guided by conscience.
Competing In Business
The act of engaging in efforts to win over customers, achieve superior market position, or attain higher sales in a particular marketplace against other businesses.
- Acknowledge the boundaries and criteria necessary for trade-restraint contracts and their effect on market competition.
Verified Answer
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Learning Objectives
- Acknowledge the boundaries and criteria necessary for trade-restraint contracts and their effect on market competition.