A knowledge qualification:

a. Should generally be added to most of the target companys representations because a party cant make representations as to facts it doesnt actually know about

b. Is of no benefit to the target company if the definition of knowledge in the acquisition agreement contains a constructive knowledge component

c. Can benefit the buyer when added to a representation of the target company because it requires the target company to consult with the members of its knowledge group

d. None of the above

Representations:

a. Are interchangeable with warranties in a U.S.-style acquisition agreement

b. Can provide a basis for exercising walk rights

c. Can provide a basis for exercising indemnification rights in an acquisition of a privately held company

d. All of the above