An Option Contract Is a Binding Promise to Keep an Offer

question 16

True/False

An option contract is a binding promise to keep an offer open for a stated period of time or until a specified date.

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Definitions:

Electronic Communication

The transmission of information using electronic systems or devices such as email, social media, or text messaging.

Liabilities

Financial obligations or debts that an individual or organization is legally responsible for.

Positive Discipline

A method of teaching and reinforcing desirable behaviors in employees while minimizing negative or punitive measures.

Performance Problem

Occurs when an employee's work does not meet established standards or expectations due to various factors like lack of skills or motivation.