Contracts
In Rhode Island, an option contract gives the optionee (buyer) the right to:
APurchase the property at a set price within a specific time, but not the obligation to do so✓ Correct
BForce the seller to reduce the price if market values decline
CAssign the purchase contract to any third party without seller consent
DOccupy the property during the option period without paying rent
Explanation
An option contract gives the optionee the exclusive right to purchase property at a specified price within a specified period, but the optionee is not obligated to exercise the option.
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