Property Ownership

In South Dakota, the 'doctrine of merger' in real estate means:

ATwo companies combining their real estate holdings
BWhen a buyer accepts a deed at closing, the purchase agreement terms merge into the deed✓ Correct
CThe combining of two adjacent properties into one tax parcel
DWhen a lien is absorbed into a larger lien

Explanation

The doctrine of merger provides that upon closing, the purchase agreement is superseded by (merges into) the deed. Contract terms that are not included in the deed may not survive closing.

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