The term “indemnify,” used alone: a. May be ambiguous as to whether the buyer can recover first-party damages b. May be

[answerhappygod]

The term “indemnify,” used alone:
a. May be ambiguous as to whether thebuyer can recover first-party damages
b. May be ambiguous as to both whether the buyer canrecover first-party damages and whether the buyer can recoverthird-party damages
c. May be ambiguous as to whether the buyer can recoverthird-party damages
d. Clearly allows the buyer to recover both first-party andthird-party damages
If a draft disclosure schedule delivered by the targetcompany to the buyer discloses a particularly troublesome fact ofwhich the buyer was previously unaware:
a. The buyer should insist that thedisclosure of that fact be deleted from the disclosure schedule
b. The buyer should consider lowering the purchase price orrefusing to proceed with the deal
c. There’s not much the buyer can do about it given thatthe buyer is legally obligated to proceed with the execution of thedefinitive acquisition agreement
d. None of the above