Contracts
In New Mexico, an option contract gives the optionee the:
AObligation to purchase the property within the option period
BRight but not the obligation to purchase the property within the option period✓ Correct
CRight to list the property for sale
DObligation to list the property at a predetermined price
Explanation
An option contract gives the optionee (potential buyer) the right, but not the obligation, to purchase the property within a specified time period for a fixed price.
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