Question
A cautious buyer paid $200 for a four-month option to purchase a property for $30,000. Under these circumstances, each of the following are true except:
Selections
A. Optionee has given adequate consideration
B. Optionee has created a legal interest in the property
C. Optionor’s temporary surrender of right to sell is “valuable” consideration
D. The agreement imposes no obligation on the optionee to purchase the property
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