Which of the Following Are True Regarding Options: ​

question 35

Multiple Choice

Which of the following are true regarding options: ​

• A)An option is a contract between a buyer and a seller that is executed at the discretion of the buyer for a specific period of time.
• B)An option expires if the buyer does not exercise their right before the expiration s date.
• C)A land option contract grants the buyer the right to buy a piece of land at a fixed price for a specific period of time.
• D)​All of the above

---

Definitions:

Recombinant Gene

A gene that has been created by combining DNA from two or more different sources.

Functional Enzymes

Proteins that act as catalysts for biochemical reactions within living organisms, maintaining the body's metabolism.

Transformation

The incorporation of genetic material into a cell, thereby changing its phenotype. The conversion of a normal cell to a cancer cell (called a malignant transformation).

Plasmids

Small, circular, double-stranded DNA molecules found in bacteria and some yeasts that can replicate independently of chromosomal DNA.