Question: User In an option: 1 - no consideration is required 2 - the seller is the optionee and the buyer is the optionor 3 -

User
In an option:
1- no consideration is required
2- the seller is the optionee and the buyer is the optionor
3- the seller must apply the option money to the purchase price if the optionee exercises her option
4- the option agreement must clearly state all the terms and conditions of the sale

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