Which of the Following Is True About an Option Contract

Multiple Choice

Which of the following is true about an option contract?

A) If the offeree chooses not to buy the property, the money paid in consideration must be returned.
B) If money is paid as consideration, then that is not applied to the sale price.
C) Death or incompetency of either party terminates an option contract.
D) The offer cannot be revoked during the option period.