Which of the following could you reasonably expect a lawyer to say is a defining characteristic of an option agreement?
A) It states that the option will lapse with a reasonable passage of time.
B) It states that acceptance must be presented in written form.
C) It prohibits lapse of the original offer prior to a time set for acceptance.
D) It states written notice is required to revoke the firm offer.
Correct Answer:
Verified
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