Contracts
A right of first refusal in a Nebraska real estate contract gives the holder the right to:
ARefuse any offers on the property for 90 days
BMatch any third-party offer and purchase the property before the owner sells to anyone else✓ Correct
CPurchase the property at a predetermined price at any time
DCancel the purchase agreement within 3 days of signing
Explanation
A right of first refusal requires the owner to offer the property to the rights holder (at the same terms as any third-party offer) before selling to someone else. It is different from an option, which sets a fixed price.
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