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Which of the following is generally not true of a financing contingency (in the context of Mergers & Acquisitions)? a. Usually triggers the payment of

Which of the following is generally not true of a financing contingency (in the context of Mergers & Acquisitions)?

a.

Usually triggers the payment of break-up fees if not satisfied.

b.

Protects both the lender and seller.

c.

It is a condition of closing in the agreement of purchase and sale.

d.

Protects the seller.

e.

Protects the buyer.

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