What Two Characteristics Must a Written Document Have in Order

question 8

Multiple Choice

What two characteristics must a written document have in order to satisfy the requirement that a negotiable instrument be in writing?

• A)1)relative permanence and 2)acknowledgement.
• B)1)a signature at the end by the party to be charged and 2)movability.
• C)1)movability and 2)acknowledgement.
• D)1)relative permanence and 2)movability.
• E)1)relative permanence and 2)a signature by both parties.

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Definitions:

Stock Index

A statistical measure that shows changes in the stock market by tracking selected stocks' prices.

Price Appreciation

The increase in value of an asset or investment over time.

Portfolio

A portfolio is a collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs).

Dividends

Payments made to shareholders out of a corporation's earnings, typically distributed regularly (e.g., quarterly).