Contracts
An option contract gives the optionee:
AThe obligation to purchase the property within a set period
BThe right, but not the obligation, to purchase the property within a set period✓ Correct
CThe right to list the property for sale
DThe obligation to lease the property
Explanation
An option contract grants the optionee the right (but not the obligation) to purchase property at a set price within a specified period. The optionor is bound by the agreement; the optionee is not.
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