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Which situations most closely resembles an option to expand

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Reference no: EM132939819

Question 1: Which of the following situations most closely resembles an option to expand?

Option 1: Ronald paid a fee to the current owners of a condominium which allows him to defer the closing date up to six months in the future.

Option 2: David paid a fee to the building management company which allows him first choice to purchase the apartment next door should it become available.

Option 3: Marjorie's ownership agreement allows her to turn her two-level condominium into two separate units and rent or sell the other unit.

Option 4: Laurie paid a fee to the building management company which allows her to terminate her lease early with 30 days' notice.

Reference no: EM132939819

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