You quote a price to a broker. It is hit by another bank, but you are not informed until some time afterward that the deal has been done. Who is to blame?

Question

Options

• AYou are, as it is your responsibility to check periodically that the price has not been dealt upon.
• BThe broker is, as he must immediately tell you that your price has been dealt upon.
• CThe other bank is, since it did not immediately seek confirmation.
• DAll the parties, particularly you and the other bank.

• A
  8% (4)
• B
  86% (42)
• C
  2% (1)
• D
  4% (2)

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