Examlex
Compare the three common types of mergers.
Fee Simple
The greatest possible interest in land, providing the owner with full ownership rights, including the right to sell or bequeath the property.
Offeror
The party in a contractual agreement who makes an offer to another party, inviting them to enter into a contract, typically specifying the terms of the agreement.
Offeree
The individual or entity to whom an offer is made in a contract situation.
Required Payments
Payments that are mandated by law or contract, which an individual or entity is obligated to make under specific conditions.
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