Nike sued three of its former employees for more than $10 mi…
Nike sued three of its former employees for more than $10 million for breach of their non-competition agreements after the employees, who designed shoes and athletic apparel, began employment with rival Adidas. In an overwhelming majority of states, which of the following is true regarding these non-competition agreements?
Read DetailsPat is pledging at the Delta Upsilon Delta (DUD) fraternity…
Pat is pledging at the Delta Upsilon Delta (DUD) fraternity in order to become a member. As part of his initiation, he must eat a piece of cheese that is on a set mousetrap. He tries, but the trap slams shut on his nose, injuring him. Pat files a products liability suit against the hardware store that sold the mousetrap to the fraternity members. Which of the following, if true, would allow the hardware store to avoid liability?
Read DetailsPeng rents a music hall from Antoine. After the contract is…
Peng rents a music hall from Antoine. After the contract is made, the premium payable by Peng for liability insurance increases tenfold because of a large number of theatre fires in the region over the last year. These fires were unforeseeable. As a result, if Peng is to permit use of the premises by the public, he must pay a huge insurance premium that will exceed the earning he will make from renting the hall. Peng’s best argument to avoid the contract is:
Read DetailsJenny’s mother had established and built up a casino. Jenny…
Jenny’s mother had established and built up a casino. Jenny had never been involved in the business. When the mother died and left the casino to her, she had to keep this large complex enterprise running. Because she had no clue about casino management, she turned to her mother’s longtime bookkeeper and trusted advisor, Sel “The Skimmer” Short, for assistance in running the casino. Sel persuaded Jenny to sell him a large amount of stock at a bargain price.
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