Which of the Following Has a Fixed Maturity Date

question 2

Multiple Choice

Which of the following has a fixed maturity date?

• A)bonds
• B)stocks
• C)cumulative preferred stock
• D)participating preferred stock

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Definitions:

Mirror Image Rule

The mirror image rule is a principle in contract law that requires an acceptance to be on exactly the same terms as the offer in order to result in a binding contract.

Statute of Frauds

A rule of law mandating that some contract varieties must be documented and signed by the involved parties to be legally binding.

Writing Requirement

A legal stipulation that certain contracts or agreements must be in writing to be enforceable.

Merchants

People or companies involved in buying and selling products, services, or commodities to make profits.