Contracts
The term 'merger doctrine' in Mississippi real estate means that:
ATwo real estate companies merge their licenses
BUpon delivery and acceptance of the deed, the purchase contract merges into the deed and the contract ceases to be enforceable for most purposes✓ Correct
CWhen two contracts conflict, the more recent one controls
DA buyer and seller may merge their contracts into a single agreement
Explanation
The merger doctrine provides that when the deed is delivered and accepted at closing, the terms of the purchase contract merge into the deed. Most contractual promises that were to be performed at or before closing are extinguished.
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