Talk about the genesis of the option institution
The article is devoted to a retrospective review of the formation of the option institute. The article analyzes the examples of the use of options in antiquity, recorded in the Old Testament and in the «Politics» of Aristotle. The application of the institute on the stock exchanges of Amsterdam in the Middle Ages is considered in detail. Attention is drawn to the speculatively of most option transactions and the need for proper legal regulation of the option in order to ensure the protection of participants in civil transactions. The purpose of the study is to form a theoretical basis for the progressive development of the institute of options. The scientific novelty of the research lies in the absence of studying the history of the option in the national legal doctrine. The conclusions can be used: in the process of further scientific research of the civil legal regulation of the option, in the development of the concept the respective regulatory direction, as well as in the educational process.