Mindtap Already Passed

Assume that Jack and Hal and Sophia enter into a valid contract for the sale of the restaurant and for the covenant not to compete for five years. After three years Jack starts selling frozen foods in violation of the covenant not to compete. Hal and Sophia sue, and the judge feels that the time restraint in covenant not to compete was too long and therefore unreasonable. Which of the following would likely be an appropriate remedy? {Ans: Reformation}Assume that Jack and Hal and Sophia enter into an agreement for the sale of the restaurant. Hal and Sophia get a loan from the Fourth National Bank to pay for it. When their first payment is due, however, they get a letter from Bank of North America stating that they bought the loan from Fourth National Bank. Which of the following is true? {Ans: Fourth National Bank made an assignment}Assume that Jack and Hal and Sophia enter into an agreement for the sale of the restaurant. Part of the contract calls for Jack to clean the outside of the restaurant within fifteen days of the closing. Instead of doing it himself, Jack hires Spray-Wash, a cleaning company to do