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Love granted Nelson a written option to buy a tract of land in an industrial park. The option stated that it was irrevocable for 11 days and was given for $20 and other valuable consideration. The $20 was not paid and there was no other valuable consideration. Which of the following is a correct statement regarding the option in question? A. It is unenforceable because it lacks consideration. B. It is an option contract enforceable for the 11-day period. C. Acceptance must be received at Love’s place of business before expiration of the 11 days. D. Since real property is involved, Nelson’s acceptance must be contained in a signed writing if Nelson is to enforce it against Love. |