An Option Is Itself a Contract to Refrain from Revoking

question 13

True/False

An option is itself a contract to refrain from revoking an offer.

---

Definitions:

Agile

A methodology emphasizing flexible, iterative development, where requirements and solutions evolve through the collaborative effort of self-organizing and cross-functional teams.

Business Model

A framework outlining how a company creates, delivers, and captures value within its operational context.

Evidence

Information or facts that are used to support the validity of a statement, theory, or finding.

Infrastructure

The resources (people, technology, products, suppliers, partners, facilities, cash, etc.) that an entrepreneur must have in order to deliver the Customer Value Proposition (CVP).