Contracts
In Montana, an option contract in real estate gives the optionee (buyer):
AThe obligation to purchase the property by the option deadline
BThe right, but not the obligation, to purchase the property at a specified price within a specified time✓ Correct
CThe right to lease the property indefinitely
DThe obligation to list the property for sale
Explanation
An option contract gives the optionee the right—but not the obligation—to purchase the property at a specified price within a specified time period. The optionor (seller) is bound; the optionee is not.
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