Contracts
In Alabama, an option to purchase is binding on the optionor (seller) but NOT on the optionee (buyer) because:
AOptions are always void
BThe optionee paid consideration for the right but has no obligation to exercise it✓ Correct
CThe optionor has not agreed to anything
DOptions are only enforceable if recorded
Explanation
An option gives the optionee the right (not the obligation) to purchase at a set price within a set time. The optionor is bound to keep the offer open, but the optionee may choose not to exercise the option.
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