An option contract $\_\_\_\_\_\_\_\_$Blank.

Multiple Choice

is valid only if$,$ in return for the agreement to hold the offer open, the offeror receives no money and nothing else of value from the offeree

is a contract that permits a party to lease real property while at the same time holding an option to purchase that property

is an agreement that binds an offeror to a promise to hold open an offer with no time limit specified

removes the possibility of revocation through death or insanity of the offeror

Multiple Choice

an e$-$contract, even if it cannot be duplicated and stored, will have the same validity as a paper contract

e$-$contracts that are entered into over the Internet will be valid, provided that the parties to the e$-$contract have agreed that electronic signatures will be used

diverse areas such as database contracts, software licensing agreements, customized software formulation, and the rights to multimedia commodities are covered

the participants must concur on the use of an electronic medium to create their contractual relationship

According to the E$-$SIGN Act, $\_\_\_\_\_\_\_\_$Blank.

Multiple Choice

an e$-$contract, even if it cannot be duplicated and stored, will have the same validity as a paper contract

e$-$contracts that are entered into over the Internet will be valid, provided that the parties to the e$-$contract have agreed that electronic signatures will be used

diverse areas such as database contracts, software licensing agreements, customized software formulation, and the rights to multimedia commodities are covered

the participants must concur on the use of an electronic medium to create their contractual relationship