Author Question: Severalty is a form of property ownership by two or more persons. Indicate whether the statement is ... (Read 119 times)

Evvie72 · **on:** Jun 24, 2018

Severalty is a form of property ownership by two or more persons.
Indicate whether the statement is true or false

Question 2

Mrs. Clements gave the University of Iowa a written option on a piece of property she owned. The University paid 300 to keep the option open from January 3, 1982 until April 3, 2010. On February 15, 2010, Mrs. Clements notified the University in writing that she was revoking her offer. Mrs. Clements then sold the property to Douglas (a bfp).
A)The University can recover the property from Douglas
B)Mrs. Clements properly revoked her offer
C)The University is entitled to damages
D)None of the above