All of the Following Statements About John D

question 52

Multiple Choice

All of the following statements about John D. Rockefeller are accurate, EXCEPT:

• A)He recruited experts to make Standard oil the most efficient refiner.
• B)He secured favorable treatment from railroads by offering a heavy volume of traffic on a steady basis.
• C)He persuaded competitors to join his cartel.
• D)He pursued horizontal integration and had little interest in the vertical integration of oil fields and transportation facilities.

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Definitions:

Sale of Land

The transfer of ownership and title of a parcel of real property from one party to another, typically through a purchase agreement or contract.

Statute of Frauds

A legal principle requiring certain contracts to be in writing and signed by the parties to be enforceable.

Attached to Land

Refers to something that is physically or legally connected to a piece of land, such as a building or a fixture, which becomes part of the real property.

Admission Exception

A principle in evidence law that allows certain statements that would normally be considered hearsay to be admissible as evidence in court.