Generally,which of the following is FALSE regarding an option contract?
A)An option contract allows the developer to perform a preliminary market study and feasibility analysis
B)If the developer decides to purchase a property,the price of an option is applied towards the price of the property
C)If the developer decides not to purchase the property,the landowner will refund any money paid for the option
D)An option contract provides the developer with the assurance that a property will not be sold over the course of the option period

Question

Quizplus · Accepted Answer

Option contracts typically do not require the landowner to refund any money paid for the option if the developer decides not to purchase the property. The payment for an option is usually non-refundable.

Generally,which of the Following Is FALSE Regarding an Option Contract