The Dear Corporation was engaged in the business of making and selling harvesting machines. It sold everything

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The Dear Corporation was engaged in the business of making and selling harvesting machines. It sold everything pertaining to its business to the ABC Company, agreeing ‘‘not again to go into the manufacture of harvesting machines anywhere in the United States.’’ The seller, which had national and international goodwill in its business, now begins the manufacture of such machines contrary to its agreement. Should the court enjoin it?

Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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