Contracts
An option contract in Wyoming gives the optionee the:
AObligation to purchase the property within the option period
BRight but not the obligation to purchase the property at a set price within a specified time✓ Correct
CRight to manage the property during the option period
DRight to subdivide the property
Explanation
An option contract gives the optionee the exclusive right (but not the obligation) to purchase the property at an agreed price within a specified time period. If the option is not exercised, it expires.
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