An Option Contract Is a Contract That Gives One of the Parties

question 33

True/False

An option contract is a contract that gives one of the parties a choice of consideration to accept.

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Definitions:

Employment Status

The classification of a worker's arrangement with an employer, such as full-time, part-time, contractor, or temporary.

Diverse Pool

A group or selection of candidates from various backgrounds, experiences, and perspectives, typically utilized in recruitment to enhance workplace diversity.

Greater Flexibility

The ability of an organization or individual to adapt to changes, innovate, and customize responses to meet varying needs.

Selection Choices

The range of methods and tools employers use to choose the most suitable candidates for positions from a group of applicants.