In this chapter we learned about some real estate contract specifics and focused primarily on the CAR forms used for single family residence transactions. However, at the end of the chapter we discussed options and in the lecture how options can be used in contracts for things other than real estate.

(1) In no more than two to three sentences, discuss a contract situation, other than for real estate, where you might be inclined to first enter into an option contract because you might not want to go through with the contract, and what benefit having an option (as opposed to justmaking something a condition) there is.