Which of the Following Events Causes the Purchaser of an Option

question 72

Multiple Choice

Which of the following events causes the purchaser of an option to add its cost 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• D)The option is rescinded.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 these.

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Definitions:

Increase Fluid

A medical or health recommendation to consume more liquids, typically water, to prevent dehydration or support bodily functions.

Chew Food

The process of using teeth to break down food into smaller, more digestible pieces, which is essential for proper digestion.

Excoriation

Injury to the surface of the skin caused by abrasion.

Nasogastric Tube

A medical device inserted through the nose and down into the stomach, used for feeding or removing stomach contents.