Contracts
In Idaho, a 'right of first refusal' in a real estate contract means the holder has:
AThe right to refuse all offers on a property
BThe right to match any offer that the seller accepts before the property is sold to another party✓ Correct
CThe first chance to inspect the property
DPriority over other liens on the property
Explanation
A right of first refusal gives the holder the opportunity to purchase the property on the same terms as any acceptable offer from a third party before the seller can close with that third party.
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