Option Contracts Are Binding Promises to Keep a Specific Offer

question 314

True/False

Option contracts are binding promises to keep a specific offer open to a specific party for, say, one month.

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Definitions:

Ethical Question

An inquiry that involves examining moral principles and values to make a judgment about the rightness or wrongness of an action.

Ethical Imperatives

Intended to shape or guide behavior by expressing core values and beliefs about what is morally right or morally wrong. Ethical imperatives express behavioral ideals and moral principles by pointing out what we ought to do or ought to refrain from doing.

Core Values

Fundamental beliefs or guiding principles that dictate behavior and action within an organization or individual.

Morally Right

Acting in accordance with ethical principles and recognized standards of good behavior.