An Investment Is Readily Marketable If It Is Management's Intent

question 52

True/False

An investment is readily marketable if it is management's intent to sell the investment.

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Definitions:

Condition Subsequent

A condition in a contract that, if it occurs, terminates the contract or an obligation under the contract.

Discharge By Agreement

Agreement by the parties that a contract is ended.

Discharge By Frustration

The termination of a contract due to unexpected events which render the performance of the contract impossible or radically different.

Condition Subsequent

A condition in a contract that, when fulfilled, can terminate the contract’s obligations or bring it to an end.