Ester sells stock in Fast Food Franchise Inc. to Gayle. Ester does not hand the stock certificates to Gayle,but gives her the key to a safety-deposit box in Heartland Bank in which the certificates are locked. This is

Question

Quizplus · Accepted Answer

This is constructive delivery because Ester provided Gayle with access to the stock certificates through the key to the safety-deposit box. While physical delivery did not take place, the key constitutes constructive delivery.

Ester Sells Stock in Fast Food Franchise Inc