What is recognizance?
A) a party's acknowledgement in court that he or she will pay a specified sum of money if a certain event occurs
B) a sealed document that contains a formal contract whose contents are known to both parties and the referee who supervised its signing
C) a sealed document that contains an informal contract whose contents are known only to the parties
D) a party's acknowledgement in court that he or she is not liable to pay any money if a certain event occurs
A
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When Mary applied for a life insurance policy, she did not disclose that she had just been treated for cancer 3 months ago. In addition, Mary intentionally misstated her age so that her premiums would be lower. If the insurer issues the policy but discovers the misrepresentations 1 year later
A) the insurer can challenge the validity of the contract B) Mary and the insurer cannot void the contract C) Mary can void the contract D) the insurer cannot challenge the validity of the contract"
Which one of the following statements is correct?
a. NASDAQ has more listed stocks that does the NYSE b. The NYSE is a dealer market c. NASDAQ is an auction market d. NASDAQ has the most stringent listing requirements of an US exchanged e. The trading floor for NASDAQ is located in Chicago