During the acquisition process, the buyer and the seller sign a ________, which spells out the parties' final deal and represents the details of the agreement that are the result of the negotiation process.
A) covenant not to compete
B) nondisclosure document
C) letter of intent
D) purchase agreement

Question

Quizplus · Accepted Answer

The purchase agreement is the final document that outlines the details of the acquisition deal, including the purchase price, payment terms, representations and warranties, and other conditions of the sale. This document is signed by the buyer and the seller and represents the culmination of the negotiation process. The other options (A, B, and C) refer to other documents that may be involved in the acquisition process, but none of them represent the final deal itself.

During the Acquisition Process, the Buyer and the Seller Sign