Frank gives Stella an option to buy his house. Stella, as the optionee, is obligated to:
A. exercise the option at the end of the option period
B. apply for a zoning change, if one is necessary in order to use the property in the way Stella wants
C. pay consideration for the option right
D. record the option
Answer: C. pay consideration for the option right
Some consideration must pass from optionee to optionor . A mere statement of consideration is not adequate. Recording the option is advisable, but not required.
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