There's a position on the New York Stock Exchange called a specialist. These people facilitate the trading of stocks, making it possible to buy and sell stocks at all times.
They have certain responsibilities, including what is called an "affirmative obligation." This means that they must make sure there is a market for stocks, even if things start to get weird in terms of supply and demand.
So if you are selling a stock that no one wants to buy, the specialist will buy it themselves to ensure that trading continues in an organized way. Similar deal if you are buying stocks that no one wants to sell. The affirmative obligation assigns responsibility for maintaining an orderly market to the specialist, keeping trading going when supply and demand get out of whack.
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Finance: What is Consent To Service Of P...156 Views
Finance a la shmoop what is consent to service of process alright well it's [Woman appears on stage]
like when you in tone ironically so sue me and they do or at least they can
well this phrase consent to service of process is a legal acceptance of
financial responsibility when you set up your company in whatever form in [Women discussing company matters]
whatever given state that is when you consent to being served lawsuit papers
at your address of record it makes it all the easier for well whoever to sue [Lawyer gives woman a lawsuit]
you they don't have to hunt you down in the woods or wait for you to show up at
your PO-- box or to try to ID you in a you know Where's Waldo drawing it's hard [Waldo appears in a crowd and runs away]
to do well all they have to do is send what's called a process server basically
registered mail who identifies you and then he you know takes a selfie of [Man takes a selfie with a woman]
himself serving you papers ie handing you an envelope stating that you are
being served well the state had to require this consent because too many
deadbeat companies absconded with unpaid bills unserved responsibilities in
contracts and other omissions that finally force the government to say
enough if you want to do business in our neck of the woods then you'll consent to [Government working demanding consent]
being sued easily and being served yeah don't worry it only hurts the first time
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