Final answer:
True, the Code of Ethics allows a party to give written direction to delay the presentation of offers.
Step-by-step explanation:
The statement, 'The Code of Ethics specifies that a party can give written direction to delay the presentation of offers,' is True.
The Code of Ethics for a specific profession typically sets out guidelines and standards of conduct for professionals in that field. In the context of the question, the Code of Ethics is likely referring to the code of ethics for real estate agents.
According to the National Association of Realtors (NAR) Code of Ethics, a real estate agent may, with the seller's approval, provide written direction to delay the presentation of offers. This may be done to allow the seller more time to consider and review offers before making a decision.