Each Party to a Contract Obtains Both Rights and Obligations

question 22

True/False

Each party to a contract obtains both rights and obligations.

---

Definitions:

Foreign Currency

The currency of another country that is required to conduct foreign trade and business transactions.

Futures Contract

A legal document that obligates parties to buy or sell a commodity at a price determined in advance, on a specified future date.

Assembly

The process of putting together various components or parts to form a finished product.

Speculation Strategy

An investment strategy aimed at making profits from market value changes, often involving high risk and short-term commitments.