An Option Contract Is Terminated Upon the Death of the Offeror

question 65

True/False

An option contract is terminated upon the death of the offeror.

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Definitions:

Malcolm X

An African American Muslim minister, public speaker, and human rights activist who advocated for the rights of blacks, often by any means necessary.

United Negro Improvement Association (UNIA)

A black nationalist fraternal organization founded by Marcus Garvey, aimed at promoting African American economic independence and fostering a sense of African pride.

NAACP

Stands for the National Association for the Advancement of Colored People, an influential civil rights organization in the United States founded in 1909 to fight prejudice, lynching, and Jim Crow segregation.

Racial Variation

Differences in physical characteristics, cultural practices, or social experiences among various racial groups.