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Steve owns an option which grants him the right to purchase shares of Lokier Tool stock at a price of $45 a share.Currently,the stock is selling for $52.40 a share.Steve would like to realize his profits but is not permitted to exercise the option for another two weeks.Which one of the following does Steve own?
Elements
Elements are the basic components or essential parts that make up something, such as the periodic table elements in chemistry or the parts of a legal claim.
Offeree
is the person or entity to whom an offer is made, especially in the context of contracts, who has the power to accept or decline the offer presented.
Wrong Address
An incorrect or inaccurate address used in mailing or delivery, leading to misdelivery or non-receipt of items.
Acceptance
Acceptance in contract law refers to the express or implied agreement to the terms of an offer, forming a binding contract.
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