Contracts
A 'bump clause' or 'right of first refusal' in a Georgia contract gives the original buyer:
AThe right to match a competing offer within a specified time frame or lose the contract✓ Correct
BThe right to renegotiate the purchase price
CThe right to sell the contract to a third party
DThe right to extend due diligence indefinitely
Explanation
A right of first refusal or bump clause gives the original buyer a specified time (typically 24-72 hours) to remove contingencies after a competing offer is received, or the seller can accept the competing offer.
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