An Unrealized Loss Occurs When the Current Market Value Is

question 8

True/False

An unrealized loss occurs when the current market value is more than the original cost of the investment.

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Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties to be enforceable.

Unenforceable

A term describing a contract or clause that, due to certain deficiencies or legal restrictions, cannot be upheld or compelled by law.

Quasi-Contract

An obligation imposed by law to prevent unjust enrichment, even though no contract exists between the parties.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing in order to be enforceable.