Examlex

Solved

Explain Why the Two Parties in a Futures Contract Technically

question 48

Essay

Explain why the two parties in a futures contract technically do not make a bilateral agreement with each other.


Definitions:

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, aimed at standardizing practices across states.

Remedies

Legal remedies involve the methods and means through which a court of law enforces a right, imposes a penalty, or makes another court order to impose its will.

Cancelling Contract

The act of terminating an agreement or contract before its fulfillment or end date.

UCC

Stands for the Uniform Commercial Code, a set of laws that regulate sales and commercial transactions in the United States.

Related Questions