Eleanora Offers Flossy the Amount of an Investment in Flossy's

question 20

Multiple Choice

Eleanora offers Flossy the amount of an investment in Flossy's start-up business venture if she marries Eleanora's son Glenn.This promise is enforceable

• A)only if it is in writing.
• B)only if the amount of the investment is more than $500.
• C)only if Glenn agrees to marry Flossy.
• D)under no circumstances.

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Definitions:

Bondholders

Individuals or institutions that hold the debt securities issued by corporations or governmental entities, entitling them to receive interest payments and the return of principal.

Issuing Corporation

A company that sells or offers its shares to the public or to private investors.

Amortization

The process of spreading out a loan into a series of fixed payments over time, or the gradual write-off of the cost of an intangible asset over its useful life.

Bond Premium

The amount by which the market price of a bond exceeds its face value, typically resulting when market interest rates are lower than the bond's coupon rate.