As such, investment bankers are required to abide by their firm's stipulated code of conduct and will generally sign a confidentiality agreement, given the sensitive nature of the information they receive.
In September of 1787, it was sent to the states for ratification. Nine of the 13 states would have to ratify it for the Constitution to become effective for those ratifying states. The future was not certain at allâa debate began among the states over ratification.
Even if the five most populous states all refused to ratify, the remaining nine still would represent a majority of the electorate. But what if nine small states all ratified by very narrow margins, and five big states rejected the Constitution by huge margins? Wouldnât that result in ratification by a minority? This was theoretically possible.