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Jed Gives David a Written Option Allowing David to Buy

Question 10

Multiple Choice

Jed gives David a written option allowing David to buy Jed's house for $100,000 within eighteen months from the date of the option. David gives Jed $0.25 payment in exchange for the option. The option is:


A) Void for lack of sufficient consideration
B) Voidable for lack of consideration, but only at Jed's discretion
C) Valid; the consideration is sufficient
D) Unenforceable because the option right extends beyond one year

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