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A Corp and B Corp enter into a valid and enforceable option contract. The contract provides that in exchange for the payment of $1,000 each
A Corp and B Corp enter into a valid and enforceable option contract. The contract
provides that in exchange for the payment of $1,000 each month, B Corp shall have the
right to accept A Corp's offe
r to sell a parcel of land, for $300,000, for the next six
months. B Corp makes the first monthly option payment on October 1. On October 10,
A Corp sells the parcel to C Corp. The next day, B Corp learns the property has been
sold. Does B Corp have th
e power to accept A Corp's offer to sell the parcel for
$300,000?
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