Contracts
An option contract in Georgia gives the optionee (buyer) the:
AObligation to purchase the property
BRight but not the obligation to purchase the property within a specified time✓ Correct
CRight to lease the property with no purchase option
DRight to list the property for sale
Explanation
An option contract gives the optionee the right, but not the obligation, to purchase the property at a set price within a specified time period. The optionor (seller) is bound to the terms, but the optionee can choose not to exercise the option.
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