An Option Contract Does Not Preclude the Landowner from Selling

question 23

True/False

An option contract does not preclude the landowner from selling the property to someone else after the expiration date.

---

Definitions:

Testing Effect

The enhanced memory retention of learned material as a result of being tested on that material, compared to simply studying it without testing.

Spacing Effect

A psychological phenomenon where learning is more effective when study sessions are spaced out over time rather than crammed together.

Mnemonics

Memory aids, especially those techniques that use vivid imagery and organizational strategies.

Clark Kerr

An influential American educator and economist known for his work as the 12th President of the University of California system, where he contributed significantly to the expansion of higher education.