Escrow & Title
What is the 'doctrine of merger' in Delaware real estate transactions?
AWhen two companies merge, their real estate assets automatically transfer
BUpon closing and delivery of the deed, the purchase contract merges into the deed, terminating most contractual obligations✓ Correct
CWhen adjacent parcels under different owners merge into a single parcel
DThe legal combination of a broker's fiduciary duties into one overriding obligation
Explanation
The doctrine of merger holds that upon delivery and acceptance of the deed at closing, the purchase contract 'merges' into the deed. Most contractual rights and obligations are extinguished at closing, though provisions intended to survive closing (warranties, representations) may continue.
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