Contracts
In Indiana, an option contract in real estate gives the optionee the right to:
APurchase the property at market price whenever they choose
BCompel the optionor to sell at a fixed price within a specified period✓ Correct
CLease the property with an automatic purchase at the end
DReceive a refund of consideration if they decide not to buy
Explanation
An option contract gives the optionee the exclusive right (but not obligation) to purchase property at a specified price within a set period. The optionor (seller) is bound to sell if the option is exercised, but the optionee is not obligated to buy.
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