Which two of the following are examples of outs as they might appear in a mark-up of a sale contract (definitive agreement)? I. Indemnity capped at $100 million II. Need for additional due diligence III. Go-shop provision IV. Firming up of financing commitments

Which two of the following are examples of outs as they might appear in a mark-up of a sale contract (definitive agreement)? I. Indemnity capped at $100 million II. Need for additional due diligence III. Go-shop provision IV. Firming up of financing commitments

Which two of the following are examples of outs as they might appear in a mark-up of a sale contract (definitive agreement)?
I. Indemnity capped at $100 million
II. Need for additional due diligence
III. Go-shop provision
IV. Firming up of financing commitments 





A) I and III
B) I and IV
C) II and III
D) II and IV






Answer: D