When stocks are held in street name,
A. the investor receives a stock certificate with the owner's street address.
B. the investor receives a stock certificate without the owner's street address.
C. the investor does not receive a stock certificate.
D. the broker holds the stock in the brokerage firm's name on behalf of the client.
E. the investor does not receive a stock certificate, and the broker holds the stock in the brokerage firm's name on behalf of the client.
E. the investor does not receive a stock certificate, and the broker holds the stock in the brokerage firm's name on behalf of the client.
When stocks are held in street name, the investor does not receive a stock certificate; the broker holds the stock in the brokerage firm's name on behalf of the client. This arrangement speeds transfer of securities.
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Cal sprayed pesticide on his crops in a very careful manner on a windless day. Nevertheless, some of the pesticide spray fell on his neighbor's side of the fence and contaminated the cornmeal for the chickens. The chickens died and the neighbor sued Cal. What is the likely result?
a. Cal is not liable because the neighbor assumed the risk of damage to the feed by placing it close to the fence. b. Cal is not liable for the damage because of contributory negligence. c. Cal is not liable because he was not negligent in his spraying operation. d. Cal is liable because spraying pesticides is an abnormally dangerous activity.
Under the perfect tender rule, if tender is not perfect, the seller is obligated to try again.?
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