An Option to Purchase Agreement Is

Multiple Choice

An option to purchase agreement is:

A) A contract by which an offeree promises to buy the property offered at a later date set in the contract
B) A contract by which the offeror of property promises to hold his offer open for a period of time during which the offeree can accept the offer and the property can't be sold to another
C) A contract that provides that a debtor will transfer title in property to a creditor as security for repayment of the debt
D) A contract transferring the fee simple to a new owner
E) A contract that provides that a seller will retain the title in the property until the buyer has made all of the required payments