Question
Kaylee is interested in buying a vacant lot touse for parking for her business. She is not certain that she will buy the lot because
Kaylee is interested in buying a vacant lot touse for parking for her business. She is not certain that she will buy the lot because she is also considering relocating the business in the near future. Kaylee gets Sophie, the owner of the lot, to give Kaylee an option to purchase the lot for $50,000 anytime before December 1, which is six months in the future. Kaylee tells Sophie that she will pay her $5000 for the option, but Kaylee never pays the money. Sophie gets a better offer and sells the lot to another person. Does Kaylee have any legal claim against Sophie for breach of option? Briefly explain your answer.
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