Sam Placed a Limit Order to Sell 500 Shares of Stock

question 93

Multiple Choice

Sam placed a limit order to sell 500 shares of stock at $14 a share. Which of the following does Sam know for sure?
I. His order will execute but the time of execution is unknown.
II. His order may never execute.
III. He will receive exactly $7,000 if his order executes.
IV. He could receive more, but not less, than $14 a share.

• A)I and III only
• B)I and IV only
• C)II and III only
• D)II and IV only
• E)I only

Explain the concept of contingency fee arrangements and their implications.

Recognize the circumstances under which clients might conduct their own legal research.

Appreciate the benefits of maintaining an ongoing relationship with a legal professional.

Understand the concepts and purposes of retainers, disbursements, and managing financial discrepancies in legal services.

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Definitions:

Delta Waves

Slow brain waves that are associated with deep sleep and aid in healing and regeneration.

NREM Sleep

Non-Rapid Eye Movement sleep, which is characterized by slower brain waves and is divided into three stages, representing a deeper level of sleep as one progresses from stage 1 to stage 3.

REM Sleep

A unique phase of sleep characterized by random/moving eyes, low muscle tone throughout the body, and the propensity of the sleeper to dream vividly.

Cognitive Theory

A theory of psychology that emphasizes internal processes such as thinking, problem-solving, and information processing in understanding behavior.