Option is a simple promise or offer to buy or sell real estate. A call option is, for example. B, a right to purchase from a potential buyer which, if exercised by him, becomes a sales contract. (e) a tenancy agreement for more than one year, or for the sale of real estate or a stake; 5. COVENANT TO EXECUTE ADDITIONAL INSTRUMENTS- The person concerned agrees to execute and provide all the instruments necessary for the implementation of a contract, clause, condition or guarantee in this CONTRACT TO SELL, whenever the opportunity arises and such instruments are sought. CONSIDERING that PURCHASERS are the occupants under a tacit/oral lease agreement for the land described above, which occupies parts of the land on which their respective houses are built. In a regular sales contract, the buyer is not entitled to pay the price in increments. It also cannot make partial payments. The buyer is also required to pay interest on the period between the delivery of the object of the sale and the purchase price, or in the event that the property in question produces fruit or income and, in the event of a delay, by the buyer from the date of the judicial or extrajudicial request for payment of the price. As a general rule, the form of a contract is a way in which it would be executed or manifested. A sales contract can be entered into under any general form of a simple contract. Delivery of the business at the same time as the payment of the price, marks the conclusion of the contract and the sale.
The deed of delivery must be linked to the intention to deliver the thing and control the buyer. Without intent, the law is insufficient. This effect is supported by this provision in the new Civil Code: a double sale is the sale of the same property by the same seller to different buyers with conflicting rights. The following cases must coincide: two or more transactions must constitute valid sales, they must relate to exactly the same object or object, they must be purchased by the same seller or directly, and two or more buyers who are vying for the legitimate ownership of the object must defend competing interests.