MCQOPTIONS
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| 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. | |