No writing is required for a contract by which a broker agrees with a customer to buy or sell securities for the customer.

Name: No writing is required for a contract by which a broker agrees with a customer to buy or sell securities for the customer.
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Question

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In many jurisdictions, oral agreements between brokers and customers to buy or sell securities are legally binding, though written contracts are often preferred for clarity and record-keeping.

No Writing Is Required for a Contract by Which a Broker