In General,markets Are Efficient When

question 14

Multiple Choice

In general,markets are efficient when

• A)Prices respond quickly to new information
• B)Each successive trade is made at a price close to the preceding price
• C)They can absorb large amounts of securities or assets without changing the price significantly
• D)All of the above

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Definitions:

Unjust Enrichment

A legal principle that occurs when one person is unfairly enriched at the expense of another, and the law demands restitution to the aggrieved party.

Executory Contract

A contract under which both parties have not yet fully performed their contractual obligations.

Genuine Contracts

Contracts that are legally binding and enforceable, characterized by mutual assent, consideration, capacity, and legality.

Implied in Fact Contracts

Contracts arising from the conduct of the parties, indicating a mutual intention to contract, without explicit verbal agreement.