The Current Market Value of a Stock Option Contract to Purchase

question 231

Multiple Choice

The current market value of a stock option contract to purchase 1,000 shares of IBM stock at a price of $100 that can be exercised five years from now would

• A) increase if the expected future price of IBM stock rose.
• B) increase if the expected future price of IBM stock fell.
• C) decrease if the expected future price of IBM stock rose.
• D) remain unchanged regardless of the expected future price of IBM stock.

Conceptualize the architecture and operational principles of cache memory.

Understand the legal definitions related to wills and probate, including "devise," "holographic will," "nuncupative will," and "codicil."

Comprehend the constitutional implications and legal precedents set by pivotal court cases like Windsor v. United States (2013).

Grasp the role and limitations of the Uniform Probate Code in determining probate rules.

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Definitions:

Quasi-contract

A quasi-contract is a legal concept where the court imposes a contract-like obligation on a party to prevent unjust enrichment, even though no actual agreement exists between the parties.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made when the other party has reasonably relied on that promise to their detriment.

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing and signed to be enforceable.

Oral Contract

A verbal agreement between parties that is legally binding, though more difficult to enforce than written contracts due to the lack of physical evidence.