Which of the Following Is True of an Option Contract

question 25

Multiple Choice

Which of the following is true of an option contract?

• A)If the offeree chooses not to buy the property,the consideration paid must be returned.
• B)The consideration paid for the option cannot be applied to the sale price.
• C)The death or incompetency of either party terminates an option contract.
• D)The offer cannot be revoked during the option period.

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