Which of the Following Events Causes the Purchaser of an Option

question 14

Multiple Choice

Which of the following events causes the purchaser of an option to add the cost of the option to the basis of the property to which the option relates?

• A) The option is exercised.
• B) The option is sold.
• C) The option lapses.
• D) The option is rescinded.
• E) None of the above.

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Definitions:

Prescribed Dose

The specific amount of medication or treatment recommended by a healthcare professional to be taken or applied by a patient.

Pinna

The visible part of the ear that is outside the head, which captures sound waves and directs them into the ear canal.

Ear Drops

A liquid formulation intended for administration into the ear canal to treat various conditions such as infections, inflammation, or to soften earwax.

Infant

A very young child, especially from birth to one year old, characterized by rapid growth and developmental changes.