An Agent Who Arranges Security Transactions Among Investors Without Maintaining

question 10

Multiple Choice

An agent who arranges security transactions among investors without maintaining an inventory is called a

• A)broker.
• B)trader.
• C)capitalist.
• D)principal.
• E)dealer.

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Definitions:

Unforeseen Event

An unexpected occurrence that can impact agreements or plans, often referred to as a force majeure in legal contexts.

Breach of Warranty

The failure to fulfill the terms of a promise or guarantee made regarding the condition or performance of a product or service.

Sue for Damages

The act of bringing a legal action against someone in order to seek monetary compensation for harm or injury suffered.

Breach of Warranty

A Breach of Warranty occurs when a guarantee or promise about a product or service's condition, quality, or performance is not met, leading potentially to remedies such as repair, replacement, or compensation.