Contracts
An option contract gives the optionee the:
AObligation to buy the property at a set price
BRight but not obligation to buy property at a specified price within a specified time✓ Correct
CRight to list the property for sale
DRight to sublease the property to a third party
Explanation
An option contract grants the optionee the right, but not the obligation, to purchase property at a pre-agreed price within a specific period. The optionor (seller) is bound to sell if the option is exercised.
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