Contracts
A 'right of first refusal' in a Louisiana real estate contract gives the holder:
AThe right to purchase the property at any time
BThe right to match any bona fide offer made by a third party before the owner can accept it✓ Correct
CPriority in any foreclosure sale
DThe right to refuse a buyer's offer
Explanation
A right of first refusal gives the holder the opportunity to purchase the property by matching any bona fide third-party offer before the owner may accept it. The right is triggered only when the owner decides to sell.
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