An option contract is terminated upon the death of the offeror.

Name: An option contract is terminated upon the death of the offeror.
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Quizplus · Accepted Answer

The death of the offeror does not automatically terminate an option contract. The estate of the offeror or a designated beneficiary can still exercise the option, as long as it's within the specified time frame and conditions outlined in the contract.

An Option Contract Is Terminated Upon the Death of the Offeror