A Trucking Company That Grows by Purchasing a Chain of Gasoline

question 45

True/False

A trucking company that grows by purchasing a chain of gasoline stations is engaged in horizontal integration.

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Definitions:

Breach of Contract

The act of breaking any terms and conditions that were mutually agreed upon in a legally enforceable contract.

Consideration

An item of worth traded between entities within a contract, essential for the contract to be considered enforceable by law.

Common Law

A body of law derived from judicial decisions of courts and similar tribunals, as opposed to statutes or official legislation.

Statute Law

Written laws passed by a legislative body, forming part of a country’s legal framework.