What is the best description at that moment of clives right

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Reference no: EM133652184

Problem: On May 1, Owen, the owner of an art gallery, had the following telephone conversation with Clive, one of his most valued customers: Owen: "I just obtained the painting Sunset by Artista. I know it would go splendidly with your collection, so I'm willing to let you have it for $30,000." Clive: "That's awfully tempting, but I couldn't begin thinking about making such a purchase until the certificate-of-deposit account at my bank matures on July 31." Owen: "Then for you, my friend, I will hold this offer open until August 15." Owen and Clive just completed their telephone conversation. What is the best description at that moment of Clive's right to purchase Sunset from Owen?

Reference no: EM133652184

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