A(n) _____ contract only buys the offeree time to accept or reject the offer and does not mean the offeree must accept.
A) unenforceable
B) option
C) void
D) express

Question

Quizplus · Accepted Answer

An option contract only buys the offeree time to accept or reject the offer and does not mean the offeree must accept. The consideration the offeree pays for the option is not a part of the contract price, but rather the option is a separate contract addressing only the offer being kept open while offeree thinks about it or makes arrangements.

A(n) _____ Contract Only Buys the Offeree Time to Accept