Question

99. A contract granting a privilege to a person, for which he has paid a consideration, which gives him the right to buy certain merchandise or specified property, from another person, at anytime within the agreed period, at a fixed price. What contract is being referred to?

a) Option Contract

b) Contract to Sell

c) Contract of Sale

d) Lease

Accepted Answer

Front	99. A contract granting a privilege to a person, for which he has paid a consideration, which gives him the right to buy certain merchandise or specified property, from another person, at anytime within the agreed period, at a fixed price. What contract is being referred to? a) Option Contract b) Contract to Sell c) Contract of Sale d) Lease
Back	SUGGESTED ANSWER: a)

Contract Person Granting Privilege Paid Consideration Buy Merchandise