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:

Spain

A country in southwestern Europe, known for its diverse culture, historical significance, and Mediterranean cuisine.

Opportunity Cost

The financial impact of bypassing the second most advantageous alternative in decision-making.

Sweden

A country in Northern Europe known for its high standard of living, advanced welfare state, and commitment to social equality.

Cars

Cars are motor vehicles with four wheels designed to transport people on roads.