To Transfer Contractual Duties to a Third Party Is

question 430

Multiple Choice

To transfer contractual duties to a third party is:

• A) assignment
• B) delegation
• C) repudiation
• D) beneficiary
• E) none of the other choices

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Definitions:

Reversing Trade

The process of undoing or closing out a trading position, often used to correct an incorrect trade or take profits.

Long

A term used in investing to denote the purchase of a security with the expectation that the asset will rise in value.

Futures Contract

A legally binding agreement standardized across the industry to purchase or sell a particular item at a set price at a future date, typically utilized for trading commodities or financial assets.

Margin

The difference between the selling price of a product or service and its cost of production, or the amount of equity an investor has to deposit to borrow money for investing.