Fill in the blanks in the statements below with the appropriate term.
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In an option to purchase, the seller is the _________________, the one who grants the option.CorrectIncorrect
A recorded option that isn’t exercised creates a/an _________________.CorrectIncorrect
A/an _________________ doesn’t obligate a property owner to sell the property.CorrectIncorrect
An option is binding only if the optionee gives the optionor _________________.CorrectIncorrect
If a/an _________________ is exercised, the property must be sold at the agreed price.CorrectIncorrect