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Question
A modification of a preexisting contract occurs when the parties agree to change one or more of its terms and, under the common law, must be supported by mutual consideration to be enforceable.a. True
b. False
Answer
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Andrew owns a store in Polk County. His trade extends throughout River City, but not beyond the county limits. He sells his store to Betty and, as part of the transaction, agrees not to engage in the same business anywhere in River City for a period of five years. The agreement:a. is reasonable regarding the geographic restraint. b. is unreasonable.c. unduly interferes with the interest of the public.d. is reasonable only if the agreement was made without duress.
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