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

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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...