Contracts
A 'right of first refusal' gives the holder the right to:
APurchase the property at any time they choose
BMatch any bona fide offer received by the owner before the owner accepts it✓ Correct
CReject any buyer the holder finds unacceptable
DReceive advance notice of the property listing but not purchase rights
Explanation
A right of first refusal allows the holder to match any bona fide offer the owner receives before the owner accepts that offer from a third party. If the holder matches the offer, the owner must sell to them. If they do not match it, the owner may sell to the third party.
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