In an option agreement, the offeror sells her right to revoke the offer.

Question

Quizplus · Accepted Answer

In an option agreement, the offeror (seller) typically grants the offeree (buyer) the exclusive right to purchase the property within a certain timeframe. In exchange for this exclusive right, the offeror sells (or grants) her right to revoke the offer during that timeframe. Therefore, the answer is true - the offeror sells her right to revoke the offer.

In an Option Agreement, the Offeror Sells Her Right to Revoke