_________ Are Independently Owned by a Third Party and Connect

question 37

Multiple Choice

_________ are independently owned by a third party and connect many sellers with many buyers.

• A) Buy-side marketplaces
• B) Electronic exchanges
• C) Sell-side marketplaces
• D) Sellers exchanges

---

Definitions:

Legal Capacity

The ability of an individual to understand and appreciate the consequences of their actions for the purpose of entering legally binding contracts or making other legal decisions.

Ratifies

To officially approve or confirm an agreement or contract, making it valid and legally binding.

Apparent Authority

A type of authority perceived by a third party that an agent seems to have in relation to the principal, regardless of whether such authority has been actually granted.

Principal

The primary party to a transaction, agreement, or contract, or the amount of money on which interest is paid or received.