Series 79 practice questioneasyRepresentations and Warranties
In an acquisition, which provision limits the time period during which a party can make claims for breach of representations and warranties?
- ASurvival period✓ Correct answer
- BIndemnity basket
- CBring-down condition
- DFiduciary out
Explanation
Why A — Survival period
The survival period defines how long reps and warranties survive post-closing. A common error is confusing the survival period with an indemnity basket, which affects the amount, not the timeline.
Turn it into reps
Reading one answer is not the same as being ready
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