What Is the Legal Significance of Whether a Delegation of Duties

question 12

Multiple Choice

What is the legal significance of whether a delegation of duties is an assumption of duties or a declaration of duties?

• A) It determines whether the delegator remains liable for the performance of the duty.
• B) It determines whether the duty is one that can be delegated.
• C) It determines whether the delegator must pay the delegatee to perform the duty.
• D) It determines whether the delegatee is liable to the obligee for failure to perform.
• E) It determines whether notice of the delegation must be given to the obligee.

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Definitions:

Unexpected News

Information that comes without warning, often having a potential impact on market prices and investor decisions.

Efficient

Describes an economy, market, or decision-making process that effectively allocates resources and inputs in a way that maximizes output or returns with minimal waste.

Semi-Strong Efficiency

A form of market efficiency that asserts all public information is reflected in stock prices, making it impossible to gain abnormal returns.

Insider Information

Non-public information about a publicly-traded company that can provide a financial advantage in the stock market if acted upon.