Discuss, giving at least one example in your primary post, whether (or not) options contracts serve a useful business purpose? (See pg. 207 of the text).

Business Environment Option Contract An offeree can prevent the offeror from revoking an offer for possible environmental problems and to arrange by paying the offeror compensation to keep the offer open financing if he decides to purchase the property, so he for an agreed period of time. This creates what is called pays Anne $20,000 to keep her offer open to him for an option contract. In other words, the offeror agrees not 6 months. At any time during the option period, Hal may to sell the property to anyone except the offeree during exercise his option and pay Anne the $1 million purchase the option period. An option contract is a contract in which price. If Hal lets the option expire, however, Anne may keep the original offeree pays consideration (usually money) in the $20,000 and sell the property to someone else. Often return for the original offeror giving consideration (time of option contracts are written so that if the original offeree the option period). The death or incompetency of either purchases the property, the option amount is applied to party does not terminate an option contract unless the the sale price. contract is for the performance of a personal service. Critical Legal Thinking Questions Example Anne offers to sell a piece of real estate to Hal What is an option contract? Do option contracts serve a for $1 million. Hal wants time to investigate the property useful business purpose? DO