An Order That Remains in Effect Until the End of the Day

question 52

Multiple Choice

An order that remains in effect until the end of the day is called a:

• A)good-until-canceled order Not n the book
• B)limit order
• C)day order
• D)stop-loss order

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Definitions:

Duress

The use of force, false imprisonment, threats, or psychological pressure to compel someone to act against their will or interest.

Rescission

Rescission is the act of invalidating a contract, returning the parties involved to their positions prior to the agreement, under circumstances such as misrepresentation or fraud.

Fraudulent Misrepresentation

A false statement made knowingly or recklessly with the intent to deceive, leading another to enter into a contract.

Void Ab Initio

A term meaning "void from the beginning," indicating that a contract or agreement was invalid from the start.