The unqualified legal opinion on a municipal bond states that:
A) the issuer has the authority to issue bonds that are legal, valid, and enforceable obligations of the issuer.
B) the bond is marketable.
C) the bond has passed the additional bonds test (parity test).
D) the issuer is creditworthy.
Answer: A) the issuer has the authority to issue bonds that are legal, valid, and enforceable obligations of the issuer.