An Indenture Is

question 41

Multiple Choice

An indenture is

• A) the section of a corporation's bylaws pertaining to bond issues.
• B) the summary of the essential features of a stock issue.
• C) the contract between a corporation and a trustee acting for bondholders.
• D) the underwriting contract.

---

Definitions:

Listing Agreement

A contract between a property owner and a real estate agent, authorizing the agent to act on the owner’s behalf in the sale of the property.

Privity of Contract

A principle in contract law stating that only parties involved in the contract have the right to sue to enforce their rights or claim damages.

Commission

A fee paid for services, typically a percentage of the transaction value, to an agent or salesperson for facilitating or completing a sale.

Agreement of Purchase and Sale

A legally binding contract between a buyer and seller detailing the terms and conditions of the sale of property.