Option Contract

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1. Under Article 1479, what supports an accepted unilateral promise to buy or sell as a binding option?
2. An option principally gives its holder what?
3. If an option lacks separate consideration, how is the underlying offer generally treated under the Sanchez v. Rigos rul…
4. A standalone option gives thirty days to buy a specified item for a fixed price and is supported by a separate option f…
5. An unsupported option fixes a time for acceptance. Before acceptance, the offeror communicates withdrawal, with no othe…
6. A landowner's fixed offer is unsupported by separate option consideration. Before the owner communicates any withdrawal…
7. A document gives a prospective purchaser forty-five days to decide whether to buy a specified machine at a fixed price.…
8. Distinguish option consideration from the purchase price and explain the effect of an unsupported option on the underly…
9. Explain why the sequence of communication matters when an option to buy is unsupported by separate consideration.
10. A buyer argues that a valid option itself immediately makes the buyer owner of the contemplated object. Explain the dis…
11. Must option consideration necessarily consist of money?
12. When the written option does not state its consideration, who bears the burden of proving separate consideration under …