One Firm Buying Another Is Called A(n)

question 81

Multiple Choice

One firm buying another is called a(n)

• A)merger.
• B)acquisition.
• C)divestiture.
• D)prospective.
• E)defender.

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Definitions:

Promissory Estoppel

Promissory estoppel is a legal doctrine that can enforce a promise in the absence of a formal contract when a party has relied on that promise to their detriment.

Consideration

Something of value that is exchanged between parties in a contract, making the agreement legally binding.

Preexisting Contract

A legal agreement that was created and became effective before the current discussion or issue.

Additional Consideration

Extra benefits or compensation provided to one party in a contract to modify or amend the original terms.