Contracts
In Louisiana, an option contract gives the optionee the:
AObligation to purchase the property
BRight but not the obligation to purchase within a specified time✓ Correct
CRight to lease the property indefinitely
DTitle to the property immediately upon payment
Explanation
An option contract gives the optionee the right, but not the obligation, to purchase the property at a specified price within a defined time period. The optionor (seller) is bound but the optionee is not.
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