Asked by Baily Shelor on May 22, 2024
Verified
The origin of the policy against restrictions on competition in the market comes from common law.
Competition
The rivalry among businesses to attract customers and achieve higher sales, often driving innovation and efficiency in the market.
Common Law
A set of uncodified laws derived from judicial decisions and court judgments.
- Understand the underlying public policy reasons that support the imposition of competitive restrictions in contracts.
Verified Answer
CR
Chaudhary RehmanMay 28, 2024
Final Answer :
True
Explanation :
The policy against restrictions on competition is one of the oldest public policies declared by common law.
Learning Objectives
- Understand the underlying public policy reasons that support the imposition of competitive restrictions in contracts.