The Form of Bond Issue in Which the Bond Is

question 234

Multiple Choice

The form of bond issue in which the bond is issued without record of the owner's name, with relevant payments made directly to whomever physically holds the bond, is called:

• A) New-issue form.
• B) Registered form.
• C) Bearer form.
• D) Debenture form.
• E) Collateral form.

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Definitions:

Writing Requirement

A legal principle that certain kinds of contracts must be in writing to be enforceable.

Statute of Frauds

A legal principle that requires certain types of contracts to be written and signed by the parties involved to be enforceable.

Debt of Another

Debt of another involves liabilities or obligations that one party assumes on behalf of another party, typically through a guarantee or cosigning arrangement.

Uniform Electronic Transactions Act

A law adopted by many states in the U.S., which gives legal validity to electronic signatures and records in commercial transactions.