Due to the Stable Environment and Lack of Technological Change

question 165

True/False

Due to the stable environment and lack of technological change, mergers and joint ventures rarely occur in the U.S.

---

Definitions:

Privity of Contract

A doctrine in contract law that restricts the rights or duties under a contract to the parties that agreed to it.

Property Tax

A levy on property that the owner is required to pay based on the value of the property.

Lessee

A person or entity that holds the lease of a property; essentially, a tenant who has the right to use property owned by another according to the terms of a lease agreement.

Privity of Contract

A principle stating that contracts cannot bestow rights or impose obligations on anyone who is not a party to the contract.