Generally,which of the Following Is NOT True of an Option

question 17

Multiple Choice

Generally,which of the following is NOT true of an option contract?

• A) An option contract allows the developer to perform a preliminary market study and feasibility analysis
• B) If the developer decides to purchase a property,the price of an option is applied towards the price of the property
• C) If the developer decides not to purchase the property,the landowner will refund any money paid for the option
• D) An option contract provides the developer with the assurance that a property will not be sold over the course of the option period

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Definitions:

Lower Performance Levels

Reduced effectiveness or efficiency in carrying out tasks or achieving objectives, compared to expected standards.

Solution Acceptance

The process of formally agreeing to the use or implementation of a proposed solution.

Peer Pressure

The influence exerted by a peer group, encouraging individuals to change their attitudes, values, or behaviors to conform to group norms.

Diversity of Views

refers to the inclusion and respect of different perspectives, opinions, and ideas within a group or organization.