CBSE 2025, BS Set 1

Question

__________ is a legally enforceable document issued by the broker to the investor within 24 hours of executing trade which helps to settle disputes/claims between the investor and the broker. A). Contract note B). Order confirmation slip C). Unique order code D). Client registration form

Edvaya · Accepted Answer

The correct answer is Contract note. **Contract note** is correct.

A **Contract Note** is a legally enforceable document issued by the stockbroker to the client within 24 hours of trade execution. It contains details of the trade (security name, quantity, price, brokerage, date/time) and serves as evidence for settling disputes or claims between the investor and the broker.

- **Order confirmation slip**: A basic acknowledgment of order placement, not a legally enforceable settlement document.
- **Unique order code**: An internal tracking identifier.
- **Client registration form**: Used to open a trading account, not trade confirmation.

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