Instruments that are payable upon an uncertain act or event are not negotiable

When analytic undertaking risk assessment, the expected loss is calculated like this.

A) Impact times expected loss B) Impact times likelihood C) Inherent risk times likelihood D) Residual risk times likelihood

___________ Takeover Defense - Target corporation solicits a merger w/ a 3rd party, when then makes a better tender offer to target's shareholders. 3rd party that rescues the target it the white knight.

Fill in the blank(s) with the appropriate word(s).