Contracts
In Alaska, an option to purchase real estate requires:
AAcceptance of the option by the optionee only
BConsideration to be paid by the optionee to the optionor to keep the offer open✓ Correct
CRecording in the public records to be valid
DWritten approval from the Alaska Real Estate Commission
Explanation
An option must be supported by consideration — the optionee pays the optionor to keep the offer open for the option period. Without consideration, the option is merely an irrevocable offer that can be revoked at any time. Option consideration is typically non-refundable if the option is not exercised.
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