An option agreement is enforceable when separate consideration is paid to the offeree.

Name: An option agreement is enforceable when separate consideration is paid to the offeree.
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An option agreement is enforceable when separate consideration is paid to the offeree. This consideration is usually in the form of payment for the right to purchase the property or asset at a future date. Without separate consideration, the option agreement may not be enforceable.

An Option Agreement Is Enforceable When Separate Consideration Is Paid