Legal Preventive Program Quiz

What is the full form of CP in the SPA?

• Condition Previous

• Condition Precedent

• Condition President

• Condition Paranoid

Which Party will provide the warranties in the SPA?

• Seller

• Buyer

• A & B are correct

• Goverment

Which of the following provisions falls under the Legal aspects in the SPA?

• Deposit

• Consideration

• Dispute Resolution

• All correct

Which of the following is a correct subject of the LDD?

• Exploration Data

• Geological Data

• Technical Data

• Agreement

What terms are used in relation to the allocation of liabilities between the Seller and the Buyer?

• Lock Box

• Clean Break

• Our Watch, Your Watch

• All Correct