If Anna Laura, in Return for the Payment of $200

question 30

Multiple Choice

If Anna Laura, in return for the payment of $200 to her by Catherine, gives Catherine an option to buy Jesse, a prime Arabian mare, at any time within the next 14 days at a price of $50,000, Anna Laura's offer to Catherine is:

• A) a revocable option contract.
• B) an irrevocable output contract.
• C) irrevocable for the 14 days covered by the option.
• D) a requirements contract.

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