Henrietta Offers a $500 Reward for the Return of Fifi,her

question 40

Multiple Choice

Henrietta offers a $500 reward for the return of Fifi,her lost dog.Silas finds and returns the dog.This is an example of a(n) :

• A)bilateral contract.
• B)unilateral contract.
• C)quasi-contract.
• D)unenforceable contract.

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Definitions:

Convertible Bond

An investment vehicle that permits conversion into a fixed number of the issuing company's equity shares at select moments over its lifespan, usually upon the decision of the person owning the bond.

Arbitrage

The practice of buying and selling equivalent assets in different markets to take advantage of a price difference.

Exercise Price

The specified price at which an option contract can be exercised, determining the buy or sell price of the asset under option.