Question: LAW Option Contracts - Contract Law ( Empty Bag ) In this section, you learned about option contracts, which are not empty bags but enforceable

LAW

Option Contracts - Contract Law ( Empty Bag )

In this section, you learned about option contracts, which are not empty bags but enforceable contracts

What makes an option contract legally enforceable? That is, what are the characteristics of an option contract that differentiate it from an unenforceable promise?

Write a small paragraph identifying a few key characteristics of option contracts.

Take into consideration these points please:

_ write creatively and do not copy-paste.

_ use some Academic evidence (preferred), *Connected Papers* is a reliable source of that kind of papers.

- use academic language.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Read the article, "John D.R. Leonard, Plaintiff, -against- PepsiCo, Inc., Defendant," found on the website provided in the Reading & Study folder. Watch the presentations (also found in the Reading &...

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s) you are using)...

is as follows: 1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s)...

3 The Formation of Sales and Lease Contracts In regard to the formation of sales and lease contracts, the UCC modifies the common law in several ways. We look here at how Articles 2 and 2A of the UCC...

Administrative Law 5 A dministrative law governs and defines the powers of government agencies. A number of political and technological factors have led to an explosion in the growth of government...

1. Was VAAF contractually obligated to pay Chad for refraining from smoking? 2. Was there consideration to support its promise to pay $500? 3. Are there other facts you need to know to make that...

H 2 S(aq) can be analyzed by titration with coulometrically generated I 2 . H 2 S + I 2 + S(s) + 2H + + 2I - To 50.00 mL of sample were added 4 g of KI. Electrolysis required 812 s at 52.6 mA....

Consider a system shown in figure 2, block A weighs 45 N and block B weighs 30 N. (a) Once block A starts from rest and moves to the right determine the acceleration if between block A and the...

Question 1 0 0 3 \ table [ [ A , 8 , c , D , E , \ table [ [ F ] , [ F ] ] , G , \ table [ [ H ] , [ H ] ] , . . . ) ] , [ Bellingham Company provided the following information regarding income taxes...

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...