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LSDefine

Simple English definitions for legal terms

seller's option

Read a random definition: solicitee

A quick definition of seller's option:

A seller's option is a type of contract that gives the seller the right to choose whether or not to sell something within a specific time period. It is a special transaction that allows the seller to deliver the item at a later date, usually between 5 to 60 days. This type of option is often used in stock exchanges. An option is a choice or offer that is included in a formal or informal contract, and it can also refer to the right to buy or sell a certain amount of securities, commodities, or other assets at a fixed price within a specified time.

A more thorough explanation:

Definition: A type of option in which the seller has the right to choose whether or not to complete a transaction within a specified period of time.

For example, in a real estate transaction, the seller may include a seller's option clause in the contract, giving them the right to choose whether or not to sell the property to the buyer within a certain timeframe.

This type of option gives the seller more control over the transaction and can be used as a negotiating tool. However, it also puts pressure on the buyer to make a decision within the specified timeframe.

seller's market | selling agent

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WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
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