Fill in the blanks in the statements below with the appropriate term.
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Question 1 of 5
1. Question
In an option to purchase, the seller is the _________________, the one who grants the option.
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Question 2 of 5
2. Question
A recorded option that isn’t exercised creates a/an _________________.
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Question 3 of 5
3. Question
A/an _________________ doesn’t obligate a property owner to sell the property.
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Question 4 of 5
4. Question
An option is binding only if the optionee gives the optionor _________________.
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Question 5 of 5
5. Question
If a/an _________________ is exercised, the property must be sold at the agreed price.
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