Which of the Following Is an Example of a Typical

question 13

Multiple Choice

Which of the following is an example of a typical institutional investor?

• A)The officers of IntraWest who own shares in the company
• B)Employees who participate in a stock option plan and own shares of IntraWest
• C)The mutual funds managed by Nesbitt Burns
• D)Individuals who buy shares of IntraWest from their brokers.

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Definitions:

Substantial Performance

A principle in contract law that allows a contracting party to be considered as having fulfilled its obligations, so long as the crucial elements of the contract have been completed, even if minor details are unfinished.

Nominal Performance

A minimal or token action that barely meets the terms of a contract, often used to avoid breaching the agreement.

Substitution

In law or economics, the act of replacing one party or element of a contract with another.

Rescission

The act of canceling or annulling a contract, returning the parties involved to their positions prior to the agreement.