If All or Part of the Price of Goods Is

question 29

Multiple Choice

If all or part of the price of goods is payable in real property,then:

• A) only the transfer of goods is covered by the law of sales of goods.
• B) both the transfer of goods and the real property is covered by the law of real property.
• C) both the transfer of goods and the real property is covered by the law of sales of goods.
• D) only the transfer of the real property is covered by the law of real property.

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Definitions:

Option Contract

A financial contract that allows the purchaser the option, without any compulsory enforcement, to purchase or dispose of a base asset at an agreed-upon price, either on or prior to a predetermined date.

Exercise Price

The rate at which an option contract's holder has the right to purchase (for a call option) or dispose of (for a put option) the fundamental asset.

Strike Price

The predetermined price at which a call option can be purchased or a put option can be sold upon exercise.

Debt

Money that is owed or due to be paid to someone else, typically as loans or bonds.