Contracts
In Nevada, an option to purchase gives the optionee (buyer) the right to:
AObligate the seller to purchase the property
BPurchase the property at a specified price within a specified time, with the choice to exercise or not✓ Correct
CAutomatically receive title upon payment of consideration
DList the property for sale on behalf of the seller
Explanation
An option contract gives the optionee the right (but not the obligation) to purchase the property at an agreed price within a specified period. The optionor (seller) is bound; the optionee may choose to exercise or let the option expire.
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