A trader on the floor of the stock exchange makes a deal with another trader by hand signals for the sale of a block of shares.This is a binding contract.

Name: A trader on the floor of the stock exchange makes a deal with another trader by hand signals for the sale of a block of shares.This is a binding contract.
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Question

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Hand signals are a common way for traders to communicate and make deals on the floor of the stock exchange. These agreements are considered binding contracts and are legally enforceable.

A Trader on the Floor of the Stock Exchange Makes