Patton is a partner in an accounting firm. His partnership contract contains a clause which states...

 

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Patton is a partner in an accounting firm. His partnership contract contains a clause which states that should Patton leave the firm, he agrees not to compete with the firm for one year, either as an individual or as a member of another accounting firm, anywhere within the city limits of New York City. The accounting firm does most of its business with clients in the states of New York, Pennsylvania and New Jersey. The clause would be held a. Legally enforceable in most states. b. An illegal restraint of trade under federal antitrust statutes. c. Illegal, thereby invalidating the entire contract. d. Unconscionable under the Uniform Commercial Code. Patton is a partner in an accounting firm. His partnership contract contains a clause which states that should Patton leave the firm, he agrees not to compete with the firm for one year, either as an individual or as a member of another accounting firm, anywhere within the city limits of New York City. The accounting firm does most of its business with clients in the states of New York, Pennsylvania and New Jersey. The clause would be held a. Legally enforceable in most states. b. An illegal restraint of trade under federal antitrust statutes. c. Illegal, thereby invalidating the entire contract. d. Unconscionable under the Uniform Commercial Code.

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A contract is legally enforceable when one party requires to fulfill an obligation to another party ... View the full answer