Multiple Choice
Joan wants to buy a prime piece of real estate from Guiaumme, but she is waiting to find out whether the bank will give her a loan. In order to make sure that Guiaumme does not sell the land to anyone else, Joan gives him $5000 in exchange for his promise not to sell the land. This type of agreement is called
A) a conditional offer.
B) a firm offer.
C) an option.
D) a proposal.
E) a tender.
Correct Answer:
Verified
Correct Answer:
Verified
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