As a General Rule, the Sale or Exchange of an Option

question 45

True/False

As a general rule, the sale or exchange of an option to buy or sell property results in capital gain or loss if the property subject to the option is (or would be) a capital asset in the hands of the option holder.

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Definitions:

Ethnocentrism

The belief in the superiority of one's own ethnic group or culture over others.

Discrimination

Unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.

Ethnocentrism

The evaluation of other cultures according to preconceptions originating in the standards and customs of one's own culture.

Male Chauvinists

Individuals, usually men, who believe in the superiority of men over women in various aspects of life.