On January 18, 1778, the English explorer Captain James Cook becomes the first European to discover the Hawaiian Islands when he sails past the island of Oahu.
The biggest difference between options and futures exists that futures contracts need that the transaction specified by the contract must take place on the date specified. Options, on the other hand, provide the buyer of the contract the right — but not the obligation — to execute the transaction.
<h3>What is the difference between futures contract and options?</h3>
A futures contract is put into effect on the specified date. The buyer buys the underlying asset on this date. In the meantime, the buyer of an options contract is free to execute the agreement at any point before the expiration date.
You may therefore purchase the asset anytime you believe the circumstances are favorable. A futures contract gives the holder the option to purchase or sell a certain item at a predetermined price on a predetermined future date. Options allow the option to purchase or sell a certain asset at a specific price on a specific date, but not the obligation to do so.
Hence, The biggest difference between options and futures exists that futures contracts need that the transaction specified by the contract must take place on the date specified. Options, on the other hand, provide the buyer of the contract the right — but not the obligation — to execute the transaction.
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Answer: the right answer is C. the covenants of seisin, right to convey, quiet enjoyment, warranty and further assurances.
Explanation:
Covenant of seisin denotes the legal possession of a feudal fiefdom or an state in land.
The Right to convey covenant means that the owner can sell or dispose of his or her property.
Quiet enjoyment refers to the right that the grantee or tenant has to undisturbed use and enjoyment of real property.
Warranty.- the grantor promises that owns the property and has the legal right to convey it.
Further assurances means that upon demand by the grantee the grantor will execute any documents necessary to fix any defects in the grantee's title.
