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An option to purchase agreement is:

vonta32

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An option to purchase agreement is:

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

Edition: 4^th

Author: Yates

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Turito65

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More solutions for this book are available here

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Thank you, thank you, thank you!

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