Question

Carla gave David an option to purchase her property within 30 days for a consideration of $500. Under the terms of this agreement:

Answer 1

Under the terms of the option agreement between Carla and David, C. David can require Carla to sell the property.

Carla is not the optionee but the optionor while David is not the optioner but the optionee.  While Carla cannot require David to purchase the property but David can require Carla to sell the property within the 30-day period.

Answer Options:

A. Carla is the optionee

B. David is the optionor

C. David can require Carla to sell the property

D. Carla can require David to purchase the property

Thus, as the optionor, Carla cannot require David to buy the property but C. David can require Carla to sell the property.

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