The ________ Says That Agents' Contracts to Sell Property Covered

question 51

Multiple Choice

The ________ says that agents' contracts to sell property covered by the Statute of Frauds must be in writing to be enforceable.

• A) merger clause
• B) common law of contracts
• C) doctrine of equity
• D) equal dignity rule

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Definitions:

Sinking Fund

A sinking fund is a method by which a company sets aside money over time to retire its preferred stock, bonds, or debentures before or at maturity, to ensure investment security for bondholders.

Callable Feature

A provision on a bond that allows the issuer to repurchase and retire its bonds before they mature.

Conversion Premium

The additional amount an investor pays over the current market price of a convertible security compared to the conversion value of the stock.

Convertible Bond

A bond which allows conversion into a specified amount of the issuing company's stock, often at the choice of the holder.