Question: Question 1 6 ( Mandatory ) ( 1 point ) In an option agreement the parties Are bound to contract in the future because of

Question 16(Mandatory)(1 point)
In an option agreement the parties
Are bound to contract in the future because of a promise made.
Are never bound if the elements of a valid contract are not present.
Must create a separate agreement that they agree to agree
Must promise to provide consideration at a later date.

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