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All of the Following Statements Are True About Letters of Intent

Question 35

Multiple Choice

All of the following statements are true about letters of intent except for


A) Are always legally binding
B) Spells out the initial areas of agreement between the buyer and seller
C) Defines the responsibilities and rights of the buyer and seller while the letter of intent is in force
D) Includes an expiration date
E) Includes a "no shop" provision

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