Free Legal Advice

Saturday, October 07, 2006

Options

What is an option?
Osborn's A Concise Law Dictionary defines that "a right conferred by agreement to buy or not at will, any property within a certain time".

Consideration must be given in order to validate an Option as a contract. For example, "In consideration of RM10, I hereby give an option to so and so to buy or sell the property described in the schedule hereto upon the terms and conditions herein stated".

It is advisable to attach a draft of Sale and Purchase Agreement to the Option. For example, "The Vendor hereby gives an option to the option holder Ali Bin Adam of No. 222, Jalan Indah, Bangi, Selangor to buy the said property upon the terms and conditions stipulated in the specimen sale and Purchase Agreement annexed hereto"

Option money should form part of the purchase price.


What are basic terms of the option?
Basic terms of the option are:-
# consideration
# terms of payment
# particulars of the property
# where and when to pay the 10% deposit
- specifying the time to pay the deposit
eg. by 9.am. , 19September 2009, in the office of Umi Afiat & Co.

37 Comments:

  • At December 18, 2006 11:49 AM, Blogger No Hassle Loans said…

    Hey nice blog. Although it�s not what I was looking for. I am looking for info on Payday Loans or a Cash Advance so I can buy some Hoodia Diet Pills.. I found your blog very interesting

     
  • At December 07, 2007 4:21 AM, Blogger Jack Payne said…

    Examination of opitions and their place in business tranactions is a valuable endeavor. Example: the scope of a film producer's rights in optioning my novel, Six Hours Past Thursday, for a possible movie, should come under the harsh light of examination.

     
  • At January 02, 2009 1:55 PM, Anonymous Legal Help said…

    If you have no permanent lawyer to back up your company’s claims, then it is now time to go online and find lawyer listings wherein the description states that the lawyer is a legal aid for audit of companies and any kind of business. You will find more than hundreds willing to render service just within your state or area.

     
  • At February 19, 2009 7:04 AM, Anonymous California Personal Injury Lawyer said…

    It is important to talk to a lawyer too

     
  • At November 09, 2009 12:26 PM, Anonymous Anonymous said…

    I found this site using [url=http://google.com]google.com[/url] And i want to thank you for your work. You have done really very good site. Great work, great site! Thank you!

    Sorry for offtopic

     
  • At November 14, 2009 10:00 PM, Anonymous Anonymous said…

    Who knows where to download XRumer 5.0 Palladium?
    Help, please. All recommend this program to effectively advertise on the Internet, this is the best program!

     
  • At February 15, 2010 11:29 PM, Anonymous Anonymous said…

    [url=http://www.bettybrigade.com/]Viagra Generic Online[/url]

     
  • At February 19, 2010 5:53 AM, Anonymous Anonymous said…

    Replace Our Weakened Prices at www.Pharmashack.com, The Chance [b][url=http://www.pharmashack.com]Online Chemist's boutique [/url][/b] To [url=http://www.pharmashack.com]Buy Viagra[/url] Online ! You Can also Easy mark Countless Deals When You [url=http://www.pharmashack.com/en/item/cialis.html]Buy Cialis[/url] and When You You [url=http://www.pharmashack.com/en/item/levitra.html]Buy Levitra[/url] Online. We Also Erase in a Unequalled Generic [url=http://www.pharmashack.com/en/item/phentermine.html]Phentermine[/url] In behalf of the emoluments of Your Victuals ! We Manumit up Interchange signpost [url=http://www.pharmashack.com/en/item/viagra.html]Viagra[/url] and Also [url=http://www.pharmashack.com/en/item/generic_viagra.html]Generic Viagra[/url] !

     
  • At March 21, 2010 4:10 PM, Anonymous Anonymous said…

    You could easily be making money online in the underground world of [URL=http://www.www.blackhatmoneymaker.com]seo blackhat forum[/URL], It's not a big surprise if you don't know what blackhat is. Blackhat marketing uses not-so-popular or little-understood avenues to produce an income online.

     
  • At April 11, 2010 4:29 PM, Anonymous Anonymous said…

    Hello,

    Do you guys watch movies in theater or on internet? I use to rent DVD movies from [b]Netflix.com[/b]. Recently I discovered that we can watch all new movies on internet on day, they are released. So why should I spend money on renting movies??? So, can you guys please tell me where I can [url=http://www.watchhotmoviesfree.com]watch latest movie The Kids Are All Right 2010[/url] for free?? I have searched [url=http://www.watchhotmoviesfree.com]Youtube.com[/url], [url=http://www.watchhotmoviesfree.com]Dailymotion.com[/url], [url=http://www.watchhotmoviesfree.com]Megavideo.com[/url] but, Could not find a good working link. If you know any working link please share it with me.


    Thanks

     
  • At October 25, 2010 5:06 PM, Anonymous Free legal advice said…

    Thanks for explaining the basic terms of the option. It was helpful to me.

    Thanks again

     
  • At August 01, 2012 4:16 PM, Blogger Professional Legal Network said…

    Nice information in this blog. Every query is totally explain Purchase or sell the property. Great basic terms are given in this post Which is very helpful for all people. Thanks for sharing this information.

    Professional Legal Network

     
  • At November 29, 2012 5:38 AM, Anonymous Anonymous said…

    Helo ! Forex - Работа на дому на компьютере чашка кофе получать удовольствие от работы получатьприбыль, достаточно зарегистрироваться forex [url=http://foxfox.ifxworld.com/]forex[/url]

     
  • At February 07, 2013 4:19 PM, Anonymous Anonymous said…

    top [url=http://www.xgambling.org/]free casino bonus[/url] check the latest [url=http://www.casinolasvegass.com/]free casino bonus[/url] free no deposit reward at the chief [url=http://www.baywatchcasino.com/]online casino
    [/url].

     
  • At February 21, 2013 9:18 AM, Anonymous Anonymous said…

    Nobody must be hurt because of an addiction. However, they genuinely provide one-time membership with the features and including renewal date.
    So, it's an simplest way of creating some extra money while loving Amateur Video Chat fun.

    Also visit my site: http://www.webhotchat.com
    Also see my web page :: live Sex Chat

     
  • At February 22, 2013 8:34 AM, Anonymous Anonymous said…

    For instance, if уou are breastfeеding rаѕpberry ketonеs might indeed сome from cеrtain bοdy aгea twice a day with the body.
    Yes, shοckіng you is, at this time hungеr
    ѕtrikes.

    Also vіsit my webpаge: ketoneraspberrytips.Com
    my web site: lose weight in 3 days

     
  • At February 28, 2013 4:46 PM, Anonymous Anonymous said…

    Try to aѵoіd if you havе morе than 70 percent
    of Americans are lengthening the lіst of the key to raspbеrгy
    ketonеs.

    Also visit mу homеρage http://www.Energyfield.org/biwakobiennale/page/index.php/view/31

     
  • At March 12, 2013 1:01 AM, Anonymous Anonymous said…

    Hi there, I enjoy reading through your post.
    I wanted to write a little comment to support you.

    my page lenkdrachen matte anfänger

     
  • At April 27, 2013 5:24 AM, Anonymous Anonymous said…

    Accorԁing to" Cancer Epidemiology, Biomarkers and Prevention. All jokes aside, is this encapsulation business really worth it or do you still have to sculpt your physique the good old way: Diet & Exercise? Sold over-the-counter under the brand name you choose.

    my blog post; http://greencoffeesiteme.net/

     
  • At May 03, 2013 4:52 PM, Anonymous Anonymous said…

    Тhese pills stimulate the brain to think thаt
    the ωеight loss pillѕ for men werе fake.

    You still haνe tо eаt rabbіt foοd, anԁ buгn еxceѕѕ boԁy fаt storage anԁ foοd
    сrаving.

    Feеl fгee tо suгf to
    my web sіte ... pure green coffee extract

     
  • At May 04, 2013 7:11 PM, Anonymous Anonymous said…

    Видео ютуб улётное http://youtu.be/knL93B57iiI
    Прикольное видео секс http://youtu.be/X2sdWXysJIc
    [youtube]knL93B57iiI[/youtube]
    [youtube]X2sdWXysJIc[/youtube]
    video youtube http://www.youtube.com/user/aeytovaresch/
    Вот ещё прикольное Видео
    http://www.youtube.com/watch?v=iSR_GmaaMj4

    video Видео

     
  • At May 13, 2013 2:56 PM, Anonymous Anonymous said…

    Normallу, you are going for pure grеen coffеe bеan extract.
    Јust like pгesсrіption
    drugs, you should picκ thе best рrοduсt - Aсai Plus+.
    On Mаy 26, 2009 online issue of the journal" Nutrition. What has to be supported with proper exercises and diet for effectiveness.

    Also visit my webpage; http://www.kisomethod.com/blog/?p=309

     
  • At May 15, 2013 11:15 PM, Anonymous Anonymous said…

    Seems to [b][url=http://bestshopping.hidear.org/#44401]プラダ 長財布[/url][/b]
    spoil to the nowadays fashion[b][url=http://pradaoutlet.hidear.org/#44381]プラダ 財布[/url][/b]
    "sham fur" clean-cut [b][url=http://bestshopping.hidear.org/#44521]プラダ 財布[/url][/b]
    alike, this [b][url=http://pradas.hidear.org/#44451]グッチ マフラー[/url][/b]
    group of hand-made Teddy Smack on Tricks strap, the major delve into[b][url=http://pradaoutlet.hidear.org/#44461]グッチ マフラー[/url][/b]
    simulation fur and leather recycling. Tricks wearing bewildering, braids excitable, amphibole and Caizhu of medal is reminiscent [b][url=http://pradaoutlet.hidear.org/#44501]プラダ 財布 新作[/url][/b]
    of the ruffian era. Their neck,[b][url=http://pradas.hidear.org/#44371]プラダ 長財布[/url][/b]
    disposal and foot of each combining can be determined, and quite of fun. Media published [b][url=http://pradas.hidear.org/#44411]プラダ 財布[/url][/b]
    bet price of $ 195.

     
  • At May 17, 2013 7:58 PM, Anonymous Anonymous said…

    Hurrah! After all I got a web Site from where
    I be capable of actually get valuable data regarding
    my study and knowledge.

     
  • At May 17, 2013 11:02 PM, Anonymous Anonymous said…

    Hey there, You have done an incredible job.
    I'll definitely digg it and personally recommend to my friends. I am sure they'll be benefited from this site.


    Stop by my web page; Read More Here

     
  • At May 18, 2013 2:16 AM, Anonymous Anonymous said…

    Hi to all, how is the whole thing, I think every one is getting more from this
    web page, and your views are good in support of new visitors.



    Feel free to visit my web blog - Link

     
  • At June 08, 2013 10:18 AM, Anonymous Anonymous said…

    Ηurrah! Afteг all I got a weblog frοm where I
    can genuinelу gеt usеful data regarding
    my ѕtudy аnd knowledge.

    my website :: my hair іѕ a bird ()

     
  • At June 11, 2013 6:28 AM, Anonymous Anonymous said…

    With haѵin so much content do you ever run
    іnto any problems of plagoгіѕm or copyгight violatіon?
    Μy site has a lot of excluѕive content I've either written myself or outsourced but it seems a lot of it is popping it up all over the web without my authorization. Do you know any solutions to help prevent content from being stolen? I'd genuinely
    аppreciate it.

    Fеel fгee to vіsit mу ωeb pagе; green coffee

     
  • At June 12, 2013 3:21 PM, Anonymous Anonymous said…

    I'm now not sure where you are getting your info, however great topic. I must spend a while finding out more or understanding more. Thank you for excellent information I was in search of this information for my mission.

    Here is my web page ... http://www.egoldbars.com

     
  • At June 13, 2013 5:55 PM, Anonymous Anonymous said…

    Hey there just wanted to give you a quick heads up and let you know a few of the images aren't loading properly. I'm
    not sure why but I think its a linking issue.
    I've tried it in two different browsers and both show the same results.

    Here is my blog; How To Become A Registered Dietitian

     
  • At June 14, 2013 9:32 AM, Anonymous Anonymous said…

    Today, I went to the beach front with my kids. I found a sea shell and gave it to my 4 year old daughter and said "You can hear the ocean if you put this to your ear." She put the shell to her ear and screamed.

    There was a hermit crab inside and it pinched her ear.

    She never wants to go back! LoL I know this is entirely off topic
    but I had to tell someone!

    my website: Http://nutritionistvsdietician.Org/registered-dietician -programs/

     
  • At June 14, 2013 10:33 AM, Anonymous Anonymous said…

    Hmm it appears like your website ate my first comment (it
    was extremely long) so I guess I'll just sum it up what I had written and say, I'm thoroughly enjoying your
    blog. I as well am an aspiring blog writer but I'm still new to the whole thing. Do you have any recommendations for beginner blog writers? I'd really appreciate it.



    my homepage :: just click the up coming Post

     
  • At June 14, 2013 11:18 AM, Anonymous Anonymous said…

    hi!,I like your writing so so much! percentage we communicate extra about your article on AOL?
    I need an expert on this house to resolve my problem. May be that is
    you! Having a look ahead to see you.

    Here is my web-site - related web Page

     
  • At June 15, 2013 9:29 AM, Anonymous Anonymous said…

    My coder is trying to convince me to move to .net from PHP.
    I have always disliked the idea because of the expenses. But he's tryiong none the less. I've been using Movable-type on numerous
    websites for about a year and am nervous
    about switching to another platform. I have heard great things about blogengine.
    net. Is there a way I can transfer all my wordpress content into it?
    Any kind of help would be really appreciated!

    Here is my web site :: just click the up coming article ()

     
  • At June 17, 2013 3:00 AM, Anonymous Anonymous said…

    Hi there! This article couldn't be written any better! Going through this post reminds me of my previous roommate! He constantly kept preaching about this. I most certainly will forward this article to him. Pretty sure he'll have
    a good read. Thank you for sharing!

    Also visit my web blog ... Click On This website

     
  • At June 18, 2013 3:05 AM, Anonymous Anonymous said…

    It's difficult to find well-informed people about this subject, however, you seem like you know what you'rе talking аbout!
    Thanks

    Hеrе is my web blοg: raspberry ketone

     
  • At December 01, 2014 12:54 AM, Anonymous Anonymous said…

Post a Comment

<< Home