If You Place a Limit Order to Sell American Express

question 149

Multiple Choice

If you place a limit order to sell American Express stock at $56 per share, your broker's representative will

• A) sell your stock if the price reaches $56 or more per share.
• B) buy American Express stock when it reaches exactly $56 per share, and then resell it to you.
• C) sell your stock at exactly $56 per share.
• D) buy American Express when it goes below $56 per share.
• E) sell your stock when the price goes below $56 per share.

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Definitions:

Administrative Agencies

Governmental bodies responsible for the oversight and administration of specific functions, such as regulation and enforcement of laws within certain industries.

Specific Performance

A legal remedy requiring a party to perform their obligations under a contract, typically used in real estate transactions.

Adversarial System

A legal system where two opposing parties present their cases to an impartial judge or jury, who decides on the matter.

Justice

The principle of fairness and moral righteousness that seeks to ensure that individuals receive what they are due, both in law and equity.