Generally,which of the Following Is FALSE Regarding an Option Contract

question 33

Multiple Choice

Generally,which of the following is FALSE regarding 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:

Acceptable Behaviour

Actions or conduct that are deemed appropriate or suitable by societal or specific group standards.

Tuckman's Developmental Sequence

A theory of group development proposed by Bruce Tuckman, which outlines stages groups typically go through: forming, storming, norming, performing, and adjourning.

Performing

The act of carrying out an action or presenting oneself in a certain way, often in front of an audience.

Norming

The process during which a group establishes norms or shared standards of behavior that dictate member conduct.