Examlex
Which type of logical thinking involves making your best guess based on the premises or facts?
Option Agreement
A contract granting a party the opportunity, but not the obligation, to buy or sell an asset at an agreed-upon price and date.
Fee Simple
The greatest possible interest in land, providing the owner with full ownership rights, including the right to sell or bequeath the property.
Offeror
The party in a contractual agreement who makes an offer to another party, inviting them to enter into a contract, typically specifying the terms of the agreement.
Offeree
The individual or entity to whom an offer is made in a contract situation.
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