The Death or Incompetency of Either the Offeror or the Offeree

question 1

True/False

The death or incompetency of either the offeror or the offeree terminates an option contract.

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Definitions:

Small Intestine

The part of the gastrointestinal tract between the stomach and large intestine, where most of the digestion and absorption of nutrients takes place.

Duodenum

The first part of the small intestine immediately beyond the stomach, where most chemical digestion takes place.

Jejunum

The mid-section of the small intestine in humans, where most of the digestion and absorption of nutrients occurs.

Crop

Of birds and some invertebrates, an enlarged portion of the esophagus that stores food.