An Order to Sell 300 Shares of ABC Stock at the Best

question 3

Multiple Choice

An order to sell 300 shares of ABC stock at the best available price is called a

• A) fill- or- kill order.
• B) market order.
• C) stop-loss order.
• D) limit order.

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Definitions:

Assigned Rights

Rights that are transferred from one party to another, often in the context of contracts.

Creditor Beneficiary

A third party that benefits from a contract between two other parties, where the promisor agrees to pay a debt that the promisee owes to the third party.

Donee Beneficiary

An individual who benefits from a contract between two other parties, with the intent that the benefits of the contract apply to this third party.

Acceptance

The act of agreeing to the terms of an offer, thereby creating a binding contract.