Which of the Following Are Generally Included in a Standardized

question 26

Multiple Choice

Which of the following are generally included in a standardized futures contract?
I. delivery date
II. quantity to be delivered
III. specific item to be delivered
IV. delivery location

• A)I and II only
• B)I, II, and III only
• C)II, III, and IV only
• D)I, III, and IV only
• E)I, II, III, and IV

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Definitions:

Restatement (Second)

A collection of model legal rules and principles that aims to simplify and clarify the law, often referring specifically to American law.

Products Liability

The area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause.

Express Warranty

An explicit guarantee by a seller to a buyer that a product or service meets certain quality and performance standards.

Sample

A small part or quantity intended to show what the whole is like.