Which of the Following Alliances Is a Contractual Alliance

question 29

Multiple Choice

Which of the following alliances is a contractual alliance? 

• A) Strategic investment 
• B) Franchising 
• C) Cross-shareholding 
• D) Joint venture

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Definitions:

Lessor

The owner of a property or asset who leases it out to another party, known as the lessee, under a rental agreement.

Involuntary Bailment

A situation where an individual unintentionally comes into possession of someone else's property and has a legal duty to take care of it.

Bailor

The owner giving up possession of property in a bailment.

Bailee

The person acquiring possession of personal property in a bailment.