An Option Is Itself a Contract to Refrain from Revoking

question 13

True/False

An option is itself a contract to refrain from revoking an offer.

---

Definitions:

Point Rating Method

A systematic appraisal technique involving the assignment of points to evaluate various aspects of a job or employee performance.

Factor Analysis

A statistical method used to identify underlying variables, or factors, that explain the pattern of correlations among multiple observed variables.

Code of Ethics

A set of principles and values that guide the behavior and decision-making process of individuals within an organization or profession.

Equal Opportunity

The principle of treating all people the same, without discrimination, especially in relation to employment and access to education.