Final answer:
The lateral malleolus is part of the fibula and is located at the distal end of this bone, on the lateral side of the leg, forming part of the ankle joint.
Step-by-step explanation:
The lateral malleolus is found on the C) fibula. The fibula is a slender bone located on the lateral side of the leg. It is not responsible for bearing weight but serves primarily as a point of muscle attachment. The fibula is associated with the ankle joint, where the distal end forms the lateral aspect of the ankle. The lateral malleolus is at the distal end of the fibula and can be palpated on the outer side of the ankle. It complements the medial malleolus of the tibia to form the ankle joint by articulating with the talus bone of the foot.