The exclusive right-to-sell contract must have
a. signatures of both the buyer and seller
b. a term of at least 90 days
c. a beginning and ending date
d. the seller's minimum acceptable price
Answer: c. a beginning and ending date
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Which of the following people does NOT have an insurable interest in an insured property?
A. A home owner's interest in the local town's water pipes that deliver water to his home. B. A mechanic's interest in a customer's convertible, which is sitting in his garage overnight. C. A tenant's interest in the premium wood flooring that she had installed in her apartment. D. A bank's interest in the new minivan they just financed for a young couple.
The SEC's antifraud Rule 10b-5 prohibits trading on the basis of inside information of a business corporation's stock by
A. Officers and directors only. B. Officers, directors, and shareholders only. C. Officers, directors, and beneficial holders of 10% of the corporation's stock. D. Anyone who bases his or her trading activities on the inside information.