Which of the Following Promises Ordinarily Must Be Fully Executed

question 11

Multiple Choice

Which of the following promises ordinarily must be fully executed in writing to be enforceable?

• A)promises made between two merchants for the sale of goods
• B)an agreement between two parties to sell a piece of jewelry for $350
• C)a six-month lease on an apartment beginning in 30 days
• D)a promise made by an executor of an estate to pay a debt of the estate

---

Definitions:

Insiders

Individuals within a corporation who have access to private, non-public information which might influence the company's stock price.

Small-Firm Anomaly

The historical observation that smaller firms, or those with a lower market capitalization, tend to outperform larger companies on a risk-adjusted basis.

January Effect

A seasonal increase in stock prices that often occurs in January after the sell-off for tax purposes in December.

Neglected

In financial contexts, this refers to assets or securities that are underfollowed or overlooked by investors and analysts.