Business, 07.03.2020 03:37 kayladaniels146
A tenant has an option-to-purchase agreement with the landlord that expires on June 30. On July I. the tenant frantically calls the landlord to exercise the option. offering the apology that .rite was busy with a death in the family. Which of the following is true?
a. Since options contain grace periods. the landlord must sell.
b. The tenant loses the right to huy. but can claim the money paid for the option inon the landlord.
c. The landlord does not have to sell. but must renew the option.
d. The option is expired. and the tenant has no rightful claim to money paid for the option.
Answers: 3
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A tenant has an option-to-purchase agreement with the landlord that expires on June 30. On July I. t...
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