In an option contract, which of the following is true about the seller:
a. The optionor is the seller and is not obligated to sell the property.
b. The optionee is the seller and must sell the property to the buyer.
c. The optionee is the seller and must forfeit the deposit to the buyer if the buyer does not want to buy.
d. The optionor is the seller and must sell to the buyer if the buyer chooses to exercise the option.
Answer: d. The optionor is the seller and must sell to the buyer if the buyer chooses to exercise the option.
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