With a ____ Order, the Investor Specifies a Purchase Price

question 61

Multiple Choice

With a ____ order, the investor specifies a purchase price that is above the current market price.

• A)market
• B)limit
• C)stop-loss
• D)stop-buy

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Definitions:

Contract

An agreement creating obligations enforceable by law between two or more parties.

Promissory Estoppel

A legal principle preventing a party from withdrawing a promise made to another party, especially if the latter has relied on that promise to their detriment.

Tort of Negligence

A legal claim arising from a breach of the duty of care that results in harm or loss to another person.

Contributory Negligence

A failure to take reasonable care, which contributes to the injury complained of.