ContractsMEDIUM
The option period in a Texas residential contract:
Correct Answer
B) Gives the buyer time to terminate for any reason
The option period, paid for by the buyer, allows termination for any reason. It's negotiable and not required.
Answer Options
A
Is required by lawB
Gives the buyer time to terminate for any reasonC
Cannot exceed 7 daysD
Is free to the buyerVideo Explanation3 min
Audio Lesson3 min
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Why This Is the Correct Answer
The option period, paid for by the buyer, allows termination for any reason. It's negotiable and not required.
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