Agnes and Mary Clare, two elderly sisters, own an annuity covering both of their lives. The annuity pays benefits to them until the first sister dies, then the annuity terminates. Agnes and Mary Clare own a(n)

Sensitivity analysis allows managers to see how various business strategies will affect profit levels

Indicate whether the statement is true or false

A prospective purchaser obtained a four-month option on a parcel of real property by paying $200 to the owner. All of the following are true EXCEPT

A. the optionee has created a legal interest in the property. B. the optionor is totally restricted by having received a "valuable" consideration. C. the agreement imposes no obligation on the optionee to purchase the property. D. a unilateral contract has been created.