Contracts
An option contract requires the optionor (seller) to:
ASell the property at any price the optionee offers
BKeep the offer open for the period stated in exchange for consideration✓ Correct
CGuarantee the property's value
DAccept all offers received during the option period
Explanation
Under an option contract, the optionor receives consideration in exchange for keeping the offer open for the specified period, during which only the optionee can choose to exercise the option.
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