Question: Ralph LP has an ongoing concern about the financial condition of its licensees. It is willing to enter into this agreement only because Merchandisers' most
Ralph LP has an ongoing concern about the financial condition of its licensees. It is willing to enter into this agreement only because Merchandisers' most recent financial statement showed substantial financial strength. Ralph LP wants the contract to reflect its reliance on those financial statements. In addition, Ralph LP wants the right to terminate this agreement if Merchandisers' net worth--as at the end of any fiscal year during the term of the contract--drops below $15 million. Group of answer choices Representation and Warranty; Declaration Representation and Warranty; Covenant Covenant; Declaration Covenant; Discretionary Authority Representation and Warranty; Discretionary Authority
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