Contracts
In Kansas, a 'right of first offer' differs from a 'right of first refusal' in that:
AThey are legally identical terms
BA right of first offer requires the holder to make an offer before the seller can market the property; a right of first refusal allows the holder to match offers already received✓ Correct
CA right of first refusal is given to the broker; a right of first offer is given to the buyer
DOnly one of these is legally enforceable in Kansas
Explanation
Right of first offer: seller must offer to the holder before marketing broadly. Right of first refusal: holder can match any third-party offer.
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