Contracts
An option contract in Missouri gives the optionee the:
AObligation to purchase the property
BRight but not the obligation to purchase at a set price within a set time✓ Correct
CRight to list the property for sale
DObligation to lease the property
Explanation
An option contract gives the optionee the right, but not the obligation, to purchase property at a fixed price during a specified period. The optionor is bound to sell if the option is exercised.
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