No Writing Is Required for a Contract by Which a Broker

question 33

True/False

No writing is required for a contract by which a broker agrees with a customer to buy or sell securities for the customer.

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Definitions:

Recognition

The acceptance or acknowledgment of something as valid, legal, or official.

Mediation

A conflict resolution technique involving a neutral third party who helps disputing parties reach a voluntary agreement.

Binding Ruling

A final and enforceable decision given by a legal authority, which all involved parties must adhere to.

Contract

A legally enforceable pact made between two or more entities, binding them in agreement.