If You Don't Need Advice or Other Services Offered, You

question 95

True/False

If you don't need advice or other services offered, you are better off using a discount broker or Internet broker rather than a full-service broker.

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Definitions:

Quantum Meruit

A legal principle allowing one to recover reasonable value of services rendered when no contract exists or when a contract is unenforceable.

Gratuitous Promise

A promise made without expecting anything in return, lacking the legal enforceability of a contract due to the absence of consideration.

Binding Contract

An agreement that is legally enforceable in a court of law, holding parties to their promises.

Authenticate

The process of proving or validating the authenticity of something, often through verification of its origin or identity.