In an option contract, which of the following is true about the buyer:
a. The optionor is the buyer and she forfeits the option money whether or not she purchases the property.
b. The optionee is the buyer and must purchase the property within the timeframe specified in the option contract.
c. The optionee is the buyer and whether or not she purchases the property is her choice.
d. The optionor is the buyer and is not obligated to purchase the property.
Answer: c. The optionee is the buyer and whether or not she purchases the property is her choice.
You might also like to view...
For much of the 20th century, new car prices rose at an annual rate of 5.73%. Given a beginning new car price of $600, how long did it take for the average new car price to rise to $16,950? Please round to the nearest year
A) 40 years B) 60 years C) 70 years D) 100 years
Which of the following is always TRUE of a homogeneous group?
A) It is comprised of people with similar backgrounds. B) It is comprised of people with different backgrounds. C) It is larger than a heterogeneous group. D) It is smaller than a heterogeneous group.