________ Stipulates That the Contract Is a Complete Integration and the Exclusive

question 53

Multiple Choice

________ stipulates that the contract is a complete integration and the exclusive expression of the parties' agreement.

• A) Promissory estoppel
• B) Merger clause
• C) Main purpose exception
• D) Leading object exception

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Definitions:

Shares of Stock

Units of ownership in a corporation that represent a claim on a portion of the corporation's assets and earnings.

Transferable

Capable of being passed from one entity to another, either through sale, gift, or by operation of law, thereby changing ownership or rights.

Supermajority Shareholder Voting

A voting requirement that exceeds the threshold of a simple majority, often used for significant decisions in a corporation.

Hostile Takeover

An attempt by a company or individual to acquire another company against the wishes of the target company's management and board of directors.