An Option Contract Does Not Preclude the Landowner from Selling

question 23

True/False

An option contract does not preclude the landowner from selling the property to someone else after the expiration date.

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Definitions:

Black Bean

A type of legume that is dense in nutrition, widely consumed around the world, often in salads, soups, and traditional dishes.

Budget Constraint

The limitation on the purchase of goods and services that results from a given income and the prices of those goods and services.

DVDs

Digital Versatile Discs, a type of optical storage medium used for storing data, including video and audio.

CDs

Compact Discs; a digital optical disc data storage format used for storing digital data, including music and software.