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Question

In the Termination Option paragraph, what happens to the option money?

• It is credited to the sale price

• It is not credited to the sale price

• It is refunded to the buyer

• It is negotiated if it is credited or not to the sale price

Answer

It is negotiated if it is credited or not to the sale price.

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The Termination Option paragraph in a contract outlines the conditions under which the buyer may terminate the contract and receive a refund of the option money. The...