An Option to Purchase Agreement Is

question 45

Multiple Choice

An option to purchase agreement is:

• A)A contract by which the offeror of property promises to hold his offer open for a period of time during which the offeree can accept the offer and the property can't be sold to another
• B)A contract that provides that a seller will retain the title in the property until the buyer has made all required payments
• C)A contract by which an offeree promises to buy the property offered at a later date set in the contract
• D)A contract transferring the fee simple to a new owner
• E)A contract that provides that a debtor will transfer title in property to a creditor as security for repayment of the debt