Under Certain Conditions,an Investment in Common Stock Can Be Considered

question 38

True/False

Under certain conditions,an investment in common stock can be considered a cash equivalent.

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Definitions:

Unauthorized Contract

An agreement made by a person who does not have the legal authority to do so on behalf of a party.

Ratifies

The act of formally approving or confirming a decision or agreement, making it officially valid.

Valid

Legally sound, effective, and binding.

Contract for Sale

A legally binding agreement where one party agrees to sell and another agrees to buy goods or property under specified terms and conditions.