The Writer of the Option Is Referred to as the Seller

question 60

True/False

The writer of the option is referred to as the seller, and the buyer of the option is referred to as the holder.

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Definitions:

Steering Axle

The axle of a vehicle that is attached to the front wheels, enabling the driver to guide the vehicle's direction.

Final Drive Component

The set of gears in a vehicle that delivers power to the drive wheels, finalizing the gear reduction process.

Drive Axle

A component of a vehicle's drivetrain that transfers power from the transmission to the wheels, enabling movement.

Differential Carrier

The housing that contains the differential gear set in a vehicle, supporting and protecting the gears as they adjust wheel speed during turns.