An Option Is the Exclusive Right, but Not the Obligation

question 41

True/False

An option is the exclusive right, but not the obligation, to buy, sell, or use property for a specific period of time in exchange for a predetermined amount of money.

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Definitions:

Narcotic Pain Medication

Drugs derived from opium or synthetic opiates used to treat moderate to severe pain by altering the brain’s perception of pain.

Barium Enema

A diagnostic test where barium sulfate is used to fill and coat the inside of the colon and rectum for clear X-ray images.

Bedpan

A receptacle used by bedridden patients for the collection of urine and feces when they are unable to use the bathroom.

Digital Removal

A medical procedure involving the manual extraction of feces from the rectum, often used in cases of severe constipation.