Examlex
Which one of the following is a type of underwriting of securities where the final offer price is determined by investor bids?
Prohibited
Prohibited means officially forbidden or disallowed by law, rule, or other authority.
Void
A term describing a contract or legal agreement that is null, having no legal force or effect from the beginning.
Minor
A person under the age of legal majority, typically 18 years in most jurisdictions, who has certain restrictions on their legal capacities and responsibilities.
Voidable
Describes a contract or agreement that can be legally declared invalid but remains enforceable until an action is taken to void it.
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