Under the Statute of Frauds,a Promise of Indemnity and a Promise

question 45

True/False

Under the Statute of Frauds,a promise of indemnity and a promise of guarantee must be in writing to be enforceable.

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Definitions:

Rights Offering

An opportunity for existing shareholders to purchase additional shares of a company at a predetermined price before the company offers them to the general public.

Underwriting Provision

A term in an agreement that outlines the responsibilities and risks taken by an underwriter in facilitating a public offering of securities.

Private Placements

A method of raising capital through the sale of securities to a small number of selected investors rather than through a public offering.

Rights Offering

A financial offering in which a company gives existing shareholders the right to buy additional shares at a discounted price before offering it to the public.