A person who transfers an instrument for consideration makes transfer warranties to all subsequent transferees and holders who take the instrument in good faith

Which of the following statements is true?

A) Law is made by judges. B) Law is made by legislatures and Parliament. C) Law is made by Law Reform Commissions. D) Both A and B E) All of the above

The time value is asymmetric in value as you move away from the strike price (i.e., the time value at two cents above the strike price is not necessarily the same as the time value two cents below the strike price)

Indicate whether the statement is true or false.