[Solved] A contract that results in the delivery of a futures contract when exercised is a A)put option. B)call option. C)naked option. D)futures option. E)credit spread call option. Duress: A condition where a person performs an act as a result of violence, threat, or other pressures against them, undermining their free will. Privity of Contract: A legal doctrine stating that only parties involved in a contract are entitled to enforce it or be sued under it. Royal Bank: Typically refers to a bank that has been granted a royal charter, recognizing it as a privileged financial institution. Equitable Assignment: An equitable assignment is the assignment or transfer of rights or interests in a property or contract to another party, recognized by equity and not necessarily by law.