Contracts
Indiana's doctrine of merger in real estate provides that:
ATwo purchase contracts merge into one at closing
BUpon delivery of the deed at closing, the purchase contract merges into the deed and the contract's terms are extinguished unless expressly preserved✓ Correct
CTwo companies merging triggers a deed transfer tax
DAll contingencies in a contract automatically merge at acceptance
Explanation
The doctrine of merger holds that when a deed is delivered and accepted, the purchase contract's obligations merge into the deed. Contract obligations that survive closing (such as warranties or indemnifications) must be expressly included in the deed or a separate agreement.
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