True or false: When people enter a voluntary agreement to trade, there is always a winner and a loser.True false question.TrueFalse

Generally speaking, what is the result when two people voluntarily enter an agreement to trade?Multiple choice question.The buyer loses.The seller loses.Both the buyer and the sellers lose.Both the buyer and the seller gain.

True or false: In a partnership, the distribution of profits and losses is based on the partnership agreement.True false question.TrueFalse

True or false: A trade secret's holder has the right to sue any signee who breaches a trade secret nondisclosure agreement.True false question.TrueFalse

Which ONE of the following statements is CORRECT?a.Jeffrey and Joel decide to run a brothel and draw up an agreement on how they will divide the profits. A valid contract comes into existence.b.If Joel bets Sandile R2 000 that Zambia will win the next Africa Nation’s Soccer Cup, the contract between them is void, because it is a wagering contract.c.If Samuel, who is deeply in love with Sammy, promises Margate’s beach to her in a contract of donation, a valid contract does not come into existence because the objects of the donation is not capable of being privately owned.d.If Rocher, the famous chef and owner of Greenfields, agrees with Joel, the buyer of the restaurant, that Rocher will never again open or work in a restaurant in South Africa, the contract will be enforceable, because it is a principle of South African law that parties have freedom to contract.

True or false. A sole trader has unlimited liability.False1True