A Security's Price May Vary Because

question 10

Multiple Choice

A security's price may vary because:

• A) i and ii only
• B) i and iii only
• C) ii and iii only
• D) i, ii and iii

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Definitions:

Contract Frustration

A legal concept that occurs when unforeseen circumstances prevent the fulfillment of a contract, thus releasing the parties from their contractual obligations.

Contract Repudiation

The refusal to perform duties or obligations under a contract, which can lead to legal actions for breach of contract.

Breach

A violation or infraction of a law, duty, or agreement.

Condition Subsequent

A condition in a contract that, when fulfilled, terminates the contract or an obligation within the contract.