Reasonable restraints of trade are lawful under the rule of reason

Indicate whether the statement is true or false

TRUE

Business

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A revolving credit account

A) allows you to make purchases up to a credit limit. B) requires complete repayment each billing period. C) must be renewed each billing period. D) is for large purchases with a set repayment schedule.

Business

Where an agent has disclosed that she is an agent, but has not disclosed the identity of the principal, who can be held liable on an authorized contract entered into by the agent on the principal's behalf?

A) The agent only B) The principal only C) Both the principal and agent D) Neither the principal nor the agent E) Only the agent prior to disclosure of the principal's identity, and only the principal thereafter

Business