What Is the Term Used for a Short-Term,unsecured Debt Sold

question 98

Multiple Choice

What is the term used for a short-term,unsecured debt sold by a large company to investors without using an intermediary?

• A)commercial paper
• B)direct paper
• C)dealer paper
• D)unsecured paper
• E)junk bond

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Definitions:

Proposal

An offer made by one party to another, intending to create a legal obligation upon acceptance.

Clickwrap

A legal agreement which a user accepts by clicking on an "I agree" or similar button during software installations or within online services.

Browse-wrap

A type of online agreement where acceptance is implied through the use of the website, without requiring an explicit agreement from the user.

Promissory Estoppel

A principle enforcing a party’s promise to prevent injustice, even if the promise was not formalized into a contract.