Multiple Choice
Which of the following statements is definitely true regarding an option contract?
A) It is also known as a quasi contract.
B) It is created when the parties enter into the agreement by their actions rather than because they have actually discussed the matter.
C) It lacks mutual assent.
D) An option contract only buys the offeree time to accept or reject the offer.
Correct Answer:
Verified
Correct Answer:
Verified
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