Asked by Rahaf Aldabain on Jul 14, 2024
Verified
An investor cannot effectively object to the delegation of the selection of his or her investments under a contract with one financial advisor to another.
Financial Advisor
A professional who provides expert advice on personal finance and investment decisions.
Investor
An individual or entity that allocates capital with the expectation of receiving financial returns.
- Apprehend the fundamental regulations that dictate the delegation of tasks and assignment of rights within contracts.
- Become familiar with the particular scenarios in which various types of special contracts (like negotiable instruments, personal service agreements, and insurance contracts) follow specialized rules for their assignment and delegation.
Verified Answer
JE
Jahongir ErgashevJul 21, 2024
Final Answer :
False
Explanation :
An investor can object to the delegation of the selection of his or her investments under a contract with one financial advisor to another, as the terms of the contract and the fiduciary duties of the advisor typically allow for input and consent from the investor regarding significant changes, including delegation of investment selection responsibilities.
Learning Objectives
- Apprehend the fundamental regulations that dictate the delegation of tasks and assignment of rights within contracts.
- Become familiar with the particular scenarios in which various types of special contracts (like negotiable instruments, personal service agreements, and insurance contracts) follow specialized rules for their assignment and delegation.
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