Darren is a certified interior designer with a lucrative client list in the city of kelsa, situated in the state of touslon. his business affords him a substantial amount of goodwill from his clients. darren sells his accounting interior designing business to glenda. when he sells his business to glenda, darren agrees not to open another interior designing firm in the city of kelsa for a 25-year period. what kind of agreement exists between darren and glenda in this case?

A verbal contract is the type of agreement

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Ithink its 1e100 but im not sure.