Vihaan was given the chance to examine the tax returns and financial statements of a business he is considering for purchase.The seller asked him to sign a _____________ that prohibits Vihaan from sharing this confidential information with anyone else.
A)franchise contract
B)due diligence document
C)franchise disclosure document
D)non-disclosure agreement

Question

Quizplus · Accepted Answer

The situation described involves Vihaan being given access to confidential financial information. In such a situation, the seller would typically ask Vihaan to sign a non-disclosure agreement (NDA) that prohibits him from sharing this information with anyone else. A franchise contract and franchise disclosure document are specific types of agreements related to franchising and would not be appropriate in this context. A due diligence document could refer to any document used to investigate a potential purchase, but it is not the specific type of document being described here.

Vihaan Was Given the Chance to Examine the Tax Returns