In Order to Be Contractually Binding on the Parties,an Agreement

question 28

Multiple Choice

In order to be contractually binding on the parties,an agreement:

• A)may arise by implication as a result of the conduct of the parties.
• B)must be expressed in writing and signed.
• C)must be expressed in writing but need not be signed in all cases.
• D)must be either expressed in writing or expressed verbally.

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Definitions:

Correlation Coefficient

A statistical measure that calculates the strength of the relationship between the relative movements of two variables.

Standard Deviation

A measure of the dispersion or variability of a set of data points or investment returns, indicating the degree of risk.

Portfolio

A collection of various investments held by an individual, company, or financial institution.

Risky Bond Portfolio

A collection of bonds with higher default risk, which may offer higher yields in compensation for the increased risk of loss.