A Lawyer Who Enters into a Contact to Purchase His

question 44

Multiple Choice

A lawyer who enters into a contact to purchase his or her client's summer cottage, has

• A) a duty not to bargain with the client for the best price.
• B) lot of time on his hands.
• C) a conflict of interest.
• D) committed a breach of contract.
• E) lots of money.

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Definitions:

Auction Markets

Markets where buyers bid for products or services, with the highest bidder winning the item, such as stock exchanges.

TSX

The Toronto Stock Exchange, which is the largest stock exchange in Canada and the ninth largest in the world by market capitalization.

NASDAQ

A global electronic marketplace for buying and selling securities, as well as the benchmark index for U.S. technology stocks.

Over-The-Counter Market

A decentralized market where securities not listed on major stock exchanges are traded directly between parties.