1. An option is a contract by which the owner of property agrees with another that the latter shall have the right to buy the owner's property at a fixed price, within a certain time, on agreed terms and conditions, and is subject to all rules governing other contracts. Code, § 96-101; Black v. Maddox, 104 Ga. 157 (30 S. E. 723); Hughes v. Holliday, 149 Ga. 147 (99...
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