If a Principal Does Not Ratify an Authorized Contract, the Prin?cipal

question 16

True/False

If a principal does not ratify an authorized contract, the prin?cipal is not bound.

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Definitions:

Par Value

The face value of a bond or stock, as stated by the issuing company.

Coupon

The interest payment made to the bondholders during the life of the bond.

Maple Bond

A Maple Bond is a debt security, denominated in Canadian dollars, issued by foreign companies or governments that are sold in Canada.

Canadian Bond Market

The marketplace where Canadian government and corporate bonds are issued and traded, reflecting Canada's economic condition and interest rates.