The Purchase Price May Be Fixed at the Time of Closing

question 7

True/False

The purchase price may be fixed at the time of closing, subject to future adjustment, or it may be contingent on future performance of the target business.

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Definitions:

Steals

Illegally takes another's property without permission or legal right and with the intent to deprive the rightful owner of it.

Reuben

typically refers to a grilled sandwich consisting of corned beef, Swiss cheese, sauerkraut, and Russian dressing, served on rye bread.

Contract

A contract is a legally binding agreement between two or more parties that outlines obligations and rights.