Frank and Green Agri-Ship, Inc

question 53

Multiple Choice

Frank and Green Agri-Ship, Inc., enter into a contract for Green to transport a silo of soybeans for which Frank agrees to pay Green. When Green's schedule conflicts, Green contacts Hybrid Crop Transport Company, to which Green "assigns all rights under the contract." This transfer is

• A) an assignment and a delegation.
• B) an assignment only.
• C) a delegation only.
• D) neither an assignment nor a delegation.

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Definitions:

Call Option

A financial contract giving the buyer the right, but not the obligation, to purchase a stock, bond, or other instrument at a specified price within a specific time period.

Put Option

A financial contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price within a specified time frame.

Fixed Price

A predetermined price at which goods and services are sold, not subject to change based on fluctuations in market demand or supply.

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy an underlying stock, bond, commodity, or other assets at a specified price within a specific time period.