Contracts
In Alaska, the option period in an option-to-purchase agreement gives the optionee the right to:
AObligate the seller to list the property with a specific broker
BPurchase the property at a set price within a specified time, without being obligated to do so✓ Correct
CExtend the listing period at will
DTake possession of the property before purchase
Explanation
An option contract gives the optionee (buyer) the exclusive right to purchase the property at a specified price within a stated period. The optionee is not obligated to exercise the option.
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