Aidan and Benjamin are neighbors in a subdivision. There is an undeveloped lot between their homes that is owned by Benjamin. Benjamin offered to sell the lot to Aidan for $500,000. Aidan wanted time to see if he could arrange financing, so he gave Benjamin a check for $5,000 to keep the offer open for six months. Benjamin and Aidan have entered into an option K; therefore, given the facts, the following statements about option contracts is accurate? O An option K can last for three years. O An option K is a revocable offer. An option K is a bilateral K. O An option K cannot be assigned to a 3rd P