You deal over the phone with a counterparty. The subsequent confirmation differs from the terms agreed verbally. What is the result?
A) The confirmation takes precedence as it is a writt
B) The matter will have to be submitted to arbitratio
C) It depends on local law.
D) The verbal agreement is binding.

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The Answer of You deal over the phone with a counterparty. The subsequent confirmation differs from the terms agreed verbally. What is the result?
A) The confirmation takes precedence as it is a writt
B) The matter will have to be submitted to arbitratio
C) It depends on local law.
D) The verbal agreement is binding.

You Deal Over the Phone with a Counterparty