ACI
3I0-012 · Question #428
When may a broker assume a deal is closed?
The correct answer is C. When acknowledgement is received from the principals that the deal is done. See the full explanation below for the reasoning.
Question
When may a broker assume a deal is closed?
Options
- AWhen one of the principals confirms the deal
- BWhen the principals give a written undertaking for all deals done at the end of the day
- CWhen acknowledgement is received from the principals that the deal is done
- DWhen both back offices acknowledge the deal
How the community answered
(23 responses)- A4% (1)
- B13% (3)
- C74% (17)
- D9% (2)
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