An Accord Is Enforceable Even Though No New Consideration Is

question 54

True/False

An accord is enforceable even though no new consideration is given.

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Definitions:

Exercise Price

The price at which the holder of an option can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset.

Share Options

Financial derivatives that give the holder the right, but not the obligation, to buy or sell shares of a company at a predetermined price within a specific timeframe.

Remuneration Expense

The total cost incurred by an organization for paying salaries, wages, bonuses, and other benefits to its employees.

Exercise Price

The price at which the holder of a share option or financial derivative can buy (or sell) the underlying asset or security.