The discount method for determining interest charges deducts interest to be paid from the credit extended

Indicate whether the statement is true or false.

TRUE

Business

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In order to be enforceable, a covenant not to compete must be reasonable in each of the following

aspects except: A) Scope (i.e., activities affected) of the restriction. B) Amount paid to the one who gives up the right to compete. C) Geographic area of the restriction. D) Length of time the restriction is in effect.

Business

Which of the following best describes a tying arrangement?

A) Two companies jointly market their products or services B) A seller offers a volume discount for purchases of large quantities C) A seller sets her price according to a market index D) A seller requires the purchase of one product or service in order to be able to purchase a second product or service

Business