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Home Q & A Board Humanities Legal Studies
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vonta32 vonta32
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3 years ago
An option to purchase agreement is:

▸ a contract by which an offeree promises to buy the property offered at a later date set in the contract.

▸ 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.

▸ a contract transferring the fee simple to a new owner.

▸ a contract that provides that a debtor will transfer title in property to a creditor as security for repayment of the debt.

▸ a contract that provides that a seller will retain the title in the property until the buyer has made all of the required payments.
Textbook 
Legal Fundamentals for Canadian Business

Legal Fundamentals for Canadian Business


Edition: 4th
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Turito65Turito65
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3 years ago
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vonta32 Author
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3 years ago
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Correct Slight Smile TY
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