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Which of the following statements is TRUE regarding an option agreement? A) the buyer must purchase the property at some future time B) the buyer

Which of the following statements is TRUE regarding an option agreement?

A) the buyer must purchase the property at some future time

B) the buyer is given the privilege of occupying the property

c) the seller agrees to sell at a fixed price with a stipulated time

D) any payments are refunded should the buyer fail to perform on the agreement

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