____ Occurs When an Investment Bank Allocates Share from an IPO

question 78

Multiple Choice

____ occurs when an investment bank allocates share from an IPO to corporate executives who may be considering an IPO or other business that will require the help of an investment bank.

• A)Flipping
• B)Spinning
• C)Laddering
• D)None of the above

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Definitions:

Implied Warranty of Fitness

A legal assumption in many jurisdictions that a product sold will be suitable for the particular purpose for which the buyer intends to use it.

"As Is"

A term specifying that an item is being sold in its current condition, with all faults and without warranty, typically in a sales contract.

"With All Faults"

A term in contracts indicating that the buyer accepts the item as is, including all defects.

Express Warranty

An express warranty is an explicit guarantee made by a seller regarding the quality, functionality, or performance of a product, which forms part of the contract of sale.