A Breach of a Minor Term Will Not Discharge a Contract,but

question 59

True/False

A breach of a minor term will not discharge a contract,but a major term that is broken in only a minor respect will discharge a contract.

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Definitions:

Vertical Acquisition

The acquisition of a company operating within the same industry but at a different level of the supply chain, enhancing supply chain efficiency.

Horizontal Acquisition

The process of a company acquiring another company in the same industry at the same level of the supply chain to enhance its market share.

Conglomerate Acquisition

A conglomerate acquisition occurs when a company buys another company in a completely unrelated business sector, aiming for diversification of business interests.

Poison Pill

A defensive strategy used by companies to prevent or discourage hostile takeovers by making the company less attractive to the acquirer.