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Kesler,while in a drunken state,purchased a large sailboat from Mullen.
-If Mullen was unaware that Kesler was intoxicated at the time that the contract was made,Kesler would not be permitted to avoid the contract.
Hedged Delivery
A strategy used in trading and finance to minimize risk by taking compensating positions in related securities or commodities.
Futures Contracts
Legal agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.
Profit (Loss)
Profit or loss refers to the financial result that is calculated by subtracting total expenses from total revenues, with profit indicating a positive result and loss indicating a negative result.
Silver
A precious metal with high electrical and thermal conductivity, used in jewelry, silverware, and industrial applications.
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