Which of the following are true regarding options:
A)An option is a contract between a buyer and a seller that is executed at the discretion of the buyer for a specific period of time.
B)An option expires if the buyer does not exercise their right before the expiration s date.
C)A land option contract grants the buyer the right to buy a piece of land at a fixed price for a specific period of time.
D)All of the above

Question

Which of the following are true regarding options: ​
A)An option is a contract between a buyer and a seller that is executed at the discretion of the buyer for a specific period of time.
B)An option expires if the buyer does not exercise their right before the expiration s date.
C)A land option contract grants the buyer the right to buy a piece of land at a fixed price for a specific period of time.
D)​All of the above

Quizplus · Accepted Answer

All of the options are true. Option A describes the basic concept of an option as a contract between a buyer and a seller. Option B explains what happens if the buyer chooses not to exercise their right to buy or sell before the expiration date. Option C specifies a specific type of option contract, a land option contract.

Which of the Following Are True Regarding Options: ​

Which of the Following Are True Regarding Options: