Business, 21.04.2020 16:37, amontgomery51
Lucas is planning to buy a house owned by Janet. He gives her an initial amount of $10,000 to hold the offer open for a 45-day period. Janet will deduct the $10,000 from the purchase price if Lucas purchases the property within those 45 days. If he does not, Janet can keep the $10,000 and offer the house to another party. Which of the following contracts does this scenario best illustrate?
A. Option contract
B. Void contract
C. Implied contract
D. Executed contract
Answers: 2
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Lucas is planning to buy a house owned by Janet. He gives her an initial amount of $10,000 to hold t...
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