Contracts
An option contract in Kansas real estate gives the optionee the right to:
ACompel the seller to reduce the price
BPurchase the property within a specified time at a set price✓ Correct
CLease the property indefinitely
DShare in the property's appreciation
Explanation
An option contract gives the optionee the exclusive right to purchase the property at a predetermined price within a specified time frame, without the obligation to buy.
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