ACI
3I0-012 · Question #313
The Model Code recommends that standard terms and conditions be used in legal documents. Which one of the following statements is correct?
The correct answer is B. Standard terms and conditions should be signed bilaterally by senior management of both principals. See the full explanation below for the reasoning.
Question
The Model Code recommends that standard terms and conditions be used in legal documents. Which one of the following statements is correct?
Options
- AWhen trading in financial products described by the Model Code, dealers and voice brokers need not
- BStandard terms and conditions should be signed bilaterally by senior management of both principals
- CWhen using legal agreements any proposed modifications or choices offered in the agreement must
- DFor many instruments, standard master agreements issued by recognized authorities need not be signed
How the community answered
(29 responses)- A10% (3)
- B79% (23)
- C3% (1)
- D7% (2)
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