Section 15 of the Investment Company Act of 1940 spells out many of the specific requirements for the contract between a management investment company and its investment manager. Among those requirements is that:
no contract may be terminated with more than 60 days notice in writing.
the initial contract is for a maximum of 1 year and then may be renewed on either an annual or biannual basis.
unless a specific exemption applies, the fund may not engage in margin trading.
the contract must be in writing.
A) I and IV.
B) I and III.
C) II and III.
D) II and IV.
Answer: A) I and IV.