Practice & ContractsPregunta 114 de 120
An option contract in real estate gives the optionee the:
a.Obligation to buy the property
b.Right, but not the obligation, to buy within a set time and price
c.Right to occupy without paying
d.Immediate ownership of the property
Explicación
An option grants the optionee the exclusive right, but not the obligation, to purchase the property at a set price within a stated period, in exchange for option consideration. The optionor must sell if the optionee exercises the option. If the option lapses unexercised, the consideration is typically forfeited.
Referencia Legal: CA Civil CodePractica las 120 preguntas gratis — sin registro.
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