Question

Generally, which of the following is NOT true of 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

Answer

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