Q312
Legal contract which states legal rights of seller and buyer is classified as
A.
long term indenture
B.
federal indenture
C.
private indenture
D.
bond indenture
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Legal contract which states legal rights of seller and buyer is classified as bond indenture. The bond indenture (aka trust indenture, deed of trust) is a legal contract between the issuer and the trustee that specifies the scope and the responsibilities of the borrower, the trustee, and the lender, and the characteristics of the bond, such as the maturity date, coupon rate, and so on.