An American Retail Chain Started Doing Business in India by Forming

question 59

Multiple Choice

An American retail chain started doing business in India by forming a _____ with one of India's leading business groups.

• A)joint venture
• B)subsidiary
• C)horizontal merger
• D)vertical merger

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Definitions:

Breach of Contract

The violation of any of the agreed-upon terms and conditions of a binding contract, which may give rise to legal consequences for the party in breach.

Forcibly Evict

The act of removing a tenant from rental property by force or through legal proceedings because of violations of the lease or law.

Unjustifiably Vacates

Refers to the act of leaving or abandoning a position or place without valid reason or justification.

Notice Before Eviction

A legal requirement to inform tenants of impending eviction proceedings and the time frame in which it will happen.