White Knight Is a Term That Refers to a Firm

question 124

True/False

White knight is a term that refers to a firm that agrees to acquire another firm when the other firm is facing a hostile takeover by some company.

---

Definitions:

Contract Obligation

A legal duty under a contract that a party must fulfill as part of the contractual agreement.

Dissolution

The process by which a company's existence is legally terminated.

Termination

The act of ending or concluding something, such as a contract, employment, or agreement.

Misrepresentation

Deliberately providing false information to another party, leading them to make decisions they otherwise wouldn't have.