This is a grant of stock with restrictions on transaction that are removed when a specified condition is met.

A. Performance shares
B. Restricted stock
C. Stock options
D. Perquisites

Answer: B. Restricted stock

Business

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In which of the following contracts is a "contingency removal clause" found:

a. Listing contract. b. Employment contract. c. Purchase contract. d. Option contract.

Business

By misrepresenting the true facts, Gretchen was able to convince someone to replace an existing life insurance policy with another company and to purchase a new policy from the company that Gretchen represents

Gretchen has engaged in an illegal sales practice called A) bait and switch. B) rebating. C) retaliating. D) twisting.

Business