Practice & Contracts第 114 / 120 题
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
解析
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.
法律依据: CA Civil Code免费刷完整 120 道题库 — 无需注册。
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