Which of the Following Are Generally Considered to Be Legal

question 23

Multiple Choice

Which of the following are generally considered to be legal offers?

• A)placing an item up for auction
• B)catalog advertisements
• C)price lists
• D)a note scribbled on a restaurant napkin that includes the details of the offer

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Definitions:

Futures Exchange

A central marketplace where individuals can buy and sell futures contracts and options on futures contracts.

Delivery Date

The specific date on a futures or options contract on which the underlying asset must be delivered or settled.

Futures Contracts

Standardized legal agreements to buy or sell something at a predetermined price at a specified time in the future.

Organized Exchange

A regulated market where securities, commodities, derivatives, and other financial instruments are traded.