Bidders May Use a Combination of Cash and Non-Cash Forms

question 69

True/False

Bidders may use a combination of cash and non-cash forms of payment as part of their bidding strategies to broaden the appeal to target shareholders.

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Definitions:

Rescinds Contract

The act of officially cancelling or terminating a contract by mutual agreement of the parties involved or due to some legal reason.

Other Party

In legal or contractual language, this term refers to an entity or person aside from the one being directly addressed or previously mentioned.

Duress

A scenario in which an individual engages in an action due to being subjected to force, intimidation, or other forms of coercion.

Coercion

The act of compelling a party to act in an involuntary manner by use of threats, force, or pressure.