Exam term

Option period

The stated time during which an option may be exercised, such as a Texas buyer's termination option, whose notice is due by 5 p.m. property-local time on the final day.

Lessons that use this term

Breach of contract, remedies, rescission, and termination Texas
The statute of frauds, electronic signatures, and time is of the essence Texas
Option contracts and installment sales contracts Texas