Rikki sells shares in Sparkling Spa Company to Telsa.Rikki does not deliver the actual possession of the shares to Telsa,but gives her the key to a safety-deposit box in Unity Bank in which the stock certifi?cates are locked.Presenting the key is
A)accession.
B)constructive delivery.
C)confusion.
D)conversion.

Question

Quizplus · Accepted Answer

Rikki has not physically delivered the shares but has given Telsa access to them through the safety-deposit box key. This is a form of constructive delivery where the symbol of the shares (the key) has been transferred to the buyer.

Rikki Sells Shares in Sparkling Spa Company to Telsa