Alliston Enters into an Agreement with Berkley Which, for $2,000

question 46

True/False

Alliston enters into an agreement with Berkley which, for $2,000, gives him the right to agree to purchase Berkley's screen printing business within the next 30 days for $50,000. If he decides to buy, they agree that the $2,000 will be the down payment on the purchase price. This agreement is an option.

---

Definitions:

Anesthesia

A medical technique that involves the use of drugs to block sensation, typically resulting in a loss of feeling or consciousness.

Central Nervous System

The part of the nervous system comprising the brain and spinal cord, controlling most functions of the body and mind.

Peripheral

Relating to or situated on the edge or periphery of something, often referring to the outermost areas of the body's nervous system.

Oblongata

Refers to the medulla oblongata, the lower portion of the brainstem controlling autonomic functions.