Suppose that Jack, Hal, and Sophia enter into an agreement in regards to the sale of the restaurant. The contract includes the non-competition agreement. A few months later, Jack decides that he will sell the frozen food in violation of non-competition agreement, unless if Hal and Sophia agree to pay him an extra $100,000. Hal and Sophia agree, since they do not want to fight. Six months later, however, they still have not paid and Jack sues. What is the result?
A. Hal and Sophia would win since agreeing to not do something, in this case sell the food, is not valid consideration.B. Hal and Sophia would win, since Jack already had a prior existing legal duty to not compete with them.C. Jack would win since agreeing to not do something, in this case sell the food, is not valid consideration.D. Jack would win since Hal and Sophia agreed to pay the extra $100,000.

Question

09-10-2019
Business

contestada

Suppose that Jack, Hal, and Sophia enter into an agreement in regards to the sale of the restaurant. The contract includes the non-competition agreement. A few months later, Jack decides that he will sell the frozen food in violation of non-competition agreement, unless if Hal and Sophia agree to pay him an extra $100,000. Hal and Sophia agree, since they do not want to fight. Six months later, however, they still have not paid and Jack sues. What is the result?
A. Hal and Sophia would win since agreeing to not do something, in this case sell the food, is not valid consideration.B. Hal and Sophia would win, since Jack already had a prior existing legal duty to not compete with them.C. Jack would win since agreeing to not do something, in this case sell the food, is not valid consideration.D. Jack would win since Hal and Sophia agreed to pay the extra $100,000.

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Answer:.B. Hal and Sophia would win, since Jack already had a prior existing legal duty to not compete with them.

Explanation:

What is legal duty ?

It is a legally binding or contract obligation to act according to the law towards the other parties.

Jack, Hal, and Sophia entered into an agreement in regards to the sale of the restaurant. The contract included the non-competition agreement hence Jack is obligated to abide by this contract as agreed. He can not now decide to violate it at his own benefits because he is expected by the law to abide by this contract.