Which of the Following Would Not Help Protect You from Unethical

question 30

Multiple Choice

Which of the following would not help protect you from unethical or incompetent advice from a financial adviser?

• A) Educating yourself on various financial products
• B) Asking questions of other clients
• C) Relying on the adviser as to when to buy and sell
• D) Knowing your risk tolerance

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Definitions:

Uniform Commercial Code

A set of laws that provide a standardized and comprehensive framework for the regulation of commercial transactions across the United States.

Cure

A breaching party’s right to provide conforming goods when nonconforming goods were initially delivered; subject to a reasonable time test.

Perfect Tender Rule

A legal principle in commercial law that sellers must deliver goods that exactly meet the terms of the contract without any deviation.

Material Breach

A substantial breach of a significant term or terms of a contract that excuses the nonbreaching party from further performance under the contract and gives the nonbreaching party the right to recover damages.