Which of the Following Statements Is Most Likely to Be

question 35

Multiple Choice

Which of the following statements is most likely to be true regarding a contract implied in fact?

• A) It is also known as a quasi contract.
• B) It is a contract in which one party promises to do an act if the other party does something.
• C) The terms of the contract have been fully performed.
• D) It is created when the parties enter into the agreement by their actions rather than because they have actually discussed the matter.

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Definitions:

Exercise Price

The specified price allowing the bearer of a call option to acquire, or a put option to dispose of, the underlying asset or good.

Strike Price

In options trading, this is the price at which the holder of the option can buy or sell the underlying asset.

Shares

Units of ownership interest in a corporation or financial asset that provide an equal distribution in any profits, if any are declared, in the form of dividends.

European Options

Financial derivatives that give the holder the right to buy or sell the underlying asset at a specified price only at the expiration date.