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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Civil Law and Land Titles and Deeds

A standalone option gives thirty days to buy a specified item for a fixed price and is supported by a separate option fee. The offeror says the fee is irrelevant because the holder has not yet accepted the sale. Which answer is correct?

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Only full payment of the future purchase price can support an option The holder must exercise immediately or lose every right Every option is necessarily revocable despite consideration The distinct fee can support the binding option during the agreed period

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