Final answer:
The correct answer is option b) Option contract. Accounts Receivable.An option contract is a legal contract that allows the purchase or sale of a right to buy.
Step-by-step explanation:
A legal contract that allows the purchase or sale of a right to buy is known as an Option contract.
Option contracts give the buyer the right, but not the obligation, to buy or sell an asset at a specified price on or before a specified date. This type of contract is commonly used in financial markets, such as trading stocks or commodities.
For example, if you have an option contract to buy a stock at a certain price, you can choose to exercise that right and buy the stock, or you can choose not to exercise the option and let it expire.