A Stock Option Is a Right to Sell a Certain

question 12

True/False

A stock option is a right to sell a certain number of shares at a specific price sometime in the future.

Understand the basics of the Statute of Frauds and its applications in written contracts.

Comprehend how verbal agreements can affect legal outcomes when not supported by written contracts.

Identify and differentiate between valid, enforceable, unenforceable, and void agreements under law.

Recognize the significance of part performance and its implications under the Statute of Frauds.

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Definitions:

Puffing

The act of making exaggerated or vague claims about a product or service, which are subjective and not legally binding.

Generalities

Statements or notions that are vague and lack specific detail, applied broadly rather than specifically.

Exaggerations

Statements or claims that stretch the truth or overemphasize facts, often used for emphasis or effect.

Ad Substantiation

The requirement that advertisers have evidence to back up their claims, ensuring that advertisements are truthful and not misleading.