The Option to Purchase. An option to purchase grants the tenant an option (right) to buy the rental property within a specified period of time in exchange for a fee (option fee), that is usually paid up front, and/or in the form of a higher-than-market rent (some of which is applied to the house purchase).
Most of the cotton grown around the world before 1793, when Eli Whitney's simple yet effective cotton gin became widely available, was long-staple cotton (Gossypium barbadense), which grows best along tropical or subtropical coastlines.ost of the cotton grown around the world before 1793, when Eli Whitney's simple yet effective cotton gin became widely available, was long-staple cotton (Gossypium barbadense), which grows best along tropical or subtropical coastlines.
The invention was granted a patent on March 14, 1794. The cotton gin was credited for increasing assets in the American economy. Cotton gin patent, March 14, 1794There is slight controversy over whether the idea of the cotton gin and its constituent elements are correctly attributed to Eli Whitney.oseph Watkins who resided near Petersburg, Georgia is credited by many historians as the first inventor of the cotton gin, and was using it on his plantation when he was visited by the frustrated Eli Whitney, who on seeing it went back to Savannah and soon developed his model which he patented.