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12 June, 20:36

Suppose that Jack, Sophia, and Hal enter into a contract to close on the business without the non-competition agreement. Jack states that he would probably sign the non-competition agreement if they included an extra $100,000. A month later, Hal and Sophia bring Jack $100,000. What is the result?

a. Jack cannot change his mind, since he stated that he would probably accept $100,000 additional for the non-competition agreement.

b. If Jack does not accept the $100,000, he may not sell the frozen food, but only for a reasonable amount of time.

c. If Jack does not accept the $100,000, there is a valid contract for the sale of the business, without a non-competition clause.

d. If Jack does not accept the $100,000, there is no valid contract for the sale of the business or for the non-competition agreement.

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  1. 12 June, 21:03
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    c. If Jack does not accept the $100,000, there is a valid contract for the sale of the business, without a non-competition clause.

    Explanation:

    If Jack, Sophia, and Hal enter into a contract to close on the business without the non-competition agreement, and Jack stated that he would probably sign the non-competition agreement if they included an extra $100,000.

    If a month later, Hal and Sophia bring Jack $100,000. the result will be If Jack does not accept the $100,000, there is a valid contract for the sale of the business, without a non-competition clause.

    Jack CAN change his mind, since he stated that he would probably accept $100,000 additional for the non-competition agreement.
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