Examlex
Given a stock index with a value of $1,200, an anticipated dividend of $45, and a risk-free rate of 6%, what should be the value of one futures contract on the index?
Part Performance
A legal principle that allows an incomplete contract to be enforced if one party has taken significant actions based on the agreement, demonstrating the existence of the contract.
Oral Promise
An agreement made verbally that may or may not be legally binding, depending on the context and content.
Modification
The process of making changes or alterations to something, such as a contract or plan, to correct or improve it.
Oral Contract
is an agreement between parties that is spoken and not written, yet it is legally binding.
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