An Option Contract Gives One of the Parties an Absolute

question 1

True/False

An option contract gives one of the parties an absolute right to enter into a second contract at a later date.

Understand the concept and implications of equity of redemption.

Recognize the contractual and statutory requirements for the filing and enforcement of liens.

Distinguish between different types of sureties and the importance of this distinction.

Analyze the impact of changes in loan agreements on the obligations of sureties.