When the Canadian Currency Gains in Value, the Dollar Value

question 19

True/False

When the Canadian currency gains in value, the dollar value of a foreign-currency-denominated portfolio of assets decline.

---

Definitions:

Condition Concurrent

In contracts, conditions that are to happen or be performed at the same time by both parties involved in the agreement.

Conditions Subsequent

Clauses in a contract that, if met, bring about the termination of the contract's obligations for one or more parties.

Commercially Impracticable

A condition under the Uniform Commercial Code where performance of a contract is made excessively burdensome or expensive due to unforeseen events.

Supervening Event

An event that occurs after the parties have entered into a contract and significantly changes the circumstances, possibly excusing performance.