The term indemnify, used alone:

a. May be ambiguous as to whether the buyer can recover first-party damages

b. May be ambiguous as to both whether the buyer can recover first-party damages and whether the buyer can recover third-party damages

c. May be ambiguous as to whether the buyer can recover third-party damages

d. Clearly allows the buyer to recover both first-party and third-party damages

If a draft disclosure schedule delivered by the target company to the buyer discloses a particularly troublesome fact of which the buyer was previously unaware:

a. The buyer should insist that the disclosure of that fact be deleted from the disclosure schedule

b. The buyer should consider lowering the purchase price or refusing to proceed with the deal

c. Theres not much the buyer can do about it given that the buyer is legally obligated to proceed with the execution of the definitive acquisition agreement

d. None of the above