What distinguishes the inspection option from a stipulated option?
Legal Impediments: Formation, Completion, Commencement and Continuation
- Inspection option is stipulated at contract; stipulated option arises only on inspection
- Inspection option always completes before the contract, whereas stipulation begins only after it
- Inspection option arises upon viewing; stipulated option arises from a contract term
- Both options arise solely from marital unsuitability though their effects differ