A Contract That Grants Its Buyer the Right, but Not

question 21

Multiple Choice

A contract that grants its buyer the right, but not the obligation, to sell an asset at a specified price is called a:

• A)futures contract.
• B)call option.
• C)preset contract.
• D)put option.
• E)primary contract.

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Definitions:

Speak Up® Campaign

An initiative that encourages patients and their families to take an active role in their healthcare by asking questions, understanding their rights, and speaking up if they have concerns or do not understand something.

Healthcare Team

A group of multidisciplinary professionals who work collaboratively to provide comprehensive healthcare services to patients or clients.

Healthcare Errors

Mistakes made in the healthcare setting that can result in harm to patients, ranging from medication errors to misdiagnosis.

Accidental Poisoning

Unintentional ingestion, inhalation, or absorption of substances that are harmful to the body, leading to toxic effects.