If a contract is missing one of the legal essentials, what is the status of the contract?

Which of the following statements about the counterparty to a risk management derivatives contract is correct?

A) The counterparty has the same expectations about future price movements as the risk manager. B) The counterparty charges a fixed fee of $5 per contract. C) The counterparty is in all likelihood a speculator. D) All of the above are correct.

A) time allowed without interest before the payment is due B) allows you to make purchases beyond your stated credit limit for a fee C) credit card good only with a particular merchant

D) the maximum amount allowed to charge E) a card that allows for purchases to be paid for at a later date F) cards that offer extra benefits and are available to persons with high incomes and exceptional credit histories G) cash borrowed on a credit card 46) credit card 47) grace period 48) credit limit 49) prestige cards 50) overlimit protection 51) cash advance 52) proprietary credit card