Contracts
In Mississippi, an option contract is binding on the seller but not the buyer. To be enforceable, the option must include:
AMREC approval
BConsideration paid by the buyer to keep the offer open✓ Correct
CA minimum 90-day option period
DA title insurance commitment
Explanation
For an option to be enforceable, the optionee (buyer) must provide consideration (usually a non-refundable payment) to the optionor (seller) in exchange for keeping the offer open for a specific period.
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