Examlex

Solved

An Implied Warranty Arises When a Person Purports to Act

question 26

True/False

An implied warranty arises when a person purports to act as an agent for a principal.


Definitions:

Interest-Rate Risk

The potential for investment losses due to fluctuations in interest rates.

Yield To Maturity

The total return anticipated on a bond if held until its maturity date, taking into account its current market price, par value, coupon interest rate, and time to maturity.

Coupon Bond

A type of bond that pays the holder interest payments at fixed intervals until maturity, when the principal is repaid.

Related Questions