Which of the Following Are Securities

question 83

Multiple Choice

Which of the following are securities?

• A) A certificate of deposit
• B) A share of Texaco common stock
• C) A Treasury bill
• D) All of the above
• E) Only A and B of the above

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Definitions:

Power of Acceptance

In contract law, the authority to accept an offer and create a binding legal agreement by expressing agreement to its terms.

Undue Excitement

Excessive enthusiasm or agitation that surpasses usual levels or expectations.

Effective Offer

A proposal made by one party to another intending to create a legal obligation upon acceptance.

Reasonably Definite Terms

A requirement in contract law that the terms of a contract must be clear enough for both parties to be able to understand their obligations and enforce the agreement.