A “no undisclosed liabilities” representation: a. Is typically knowledge-qualified b. Is almost always limited in its co

[answerhappygod]

A “no undisclosed liabilities”representation:
a. Is typically knowledge-qualified
b. Is almost always limited in its coverage to GAAPliabilities
c. Is typically requested by buyers
d. Is often accompanied by a break-up fee
A buyer is generally benefitted by a definition of“knowledge” that:
a. Is limited to the actual knowledge of the target company’sCEO and CFO
b. Contains a broad concept of constructive knowledge and abroad list of employees whose knowledge is imputed to the targetcompany
c. Contemplates no factual investigation by the target companywith respect to “knowledge”-qualified representations
d. None of the above