1.

All the statements below are correct, except:

A. An option contract is separate and distinct from the contract of sale;
B. An option contract must be supported by consideration distinct from the price;
C. An option contract can only be supported by consideration in the form of money;
D. An option contract can be supported by consideration in the form of an undertaking.
Answer» D. An option contract can be supported by consideration in the form of an undertaking.


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