Contracts
In Florida, an 'option contract' in real estate gives the optionee (buyer) the:
AObligation to purchase the property within the option period
BRight but not the obligation to purchase the property at a set price within a specified time✓ Correct
CRight to prevent the property from being sold to others indefinitely
DRight to occupy the property during the option period at no charge
Explanation
An option contract gives the optionee the right (but not the obligation) to purchase the property at a predetermined price within a set time period. The optionee pays option consideration for this right.
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