Contracts
In Delaware, an option contract in real estate gives the buyer the:
ARight and obligation to purchase by a specific date
BRight but not the obligation to purchase within a set time period✓ Correct
CObligation to buy if the seller accepts
DRight to occupy the property before purchase
Explanation
An option contract gives the optionee (buyer) the exclusive right, but not the obligation, to purchase the property at a specified price within a specified period, in exchange for consideration paid to the seller.
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