a purchaser can be bound by the unregistered option to purchase from a third party who is not in actual occupation solely because they know about that right.

Question

Quizplus · Accepted Answer

In general, for an option to purchase to bind a purchaser, it must be registered or the third party must be in actual occupation. Mere knowledge of the right is not sufficient to bind a purchaser.

A Purchaser Can Be Bound by the Unregistered Option to Purchase