What Is a Defining Characteristic of an Option Agreement

question 21

Multiple Choice

What is a defining characteristic of an option agreement?

• A) It states that the option will lapse within a reasonable passage of time.
• B) It states that acceptance must be presented in written form.
• C) It prohibits a lapse of the original offer prior to a time set for acceptance.
• D) It states written notice is required to revoke the firm offer.

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Definitions:

Thyroid Gland

A butterfly-shaped gland in the neck that produces hormones regulating metabolism, body energy, and nervous system activity.

Artificial Passive

Artificial passive immunity refers to the process of providing an organism with external antibodies, through methods such as inoculation, to confer temporary protection against infections.

Snakebites

Injuries caused by the bite of a snake, which can inject venom and lead to various health complications.

Humoral Immune Response

The aspect of immunity that involves the production of antibodies by B cells to target and eliminate extracellular pathogens.