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.

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Definitions:

Clinic

A healthcare facility that provides outpatient medical treatment or consultations.

North American Cars

Vehicles manufactured by companies based in North America, often characterized by specific styles, technologies, and branding typical of the region.

Origin

The fixed point in a coordinate system from which coordinates are measured, typically where the x-axis and y-axis intersect in a Cartesian coordinate system.

Driver

An individual who operates a vehicle, often used in the context of automobiles, but can apply to operators of other types of vehicles as well.