Contracts
A 'right of first refusal' in a lease or purchase agreement gives the holder the right to:
APurchase the property at a price they set
BMatch any bona fide third-party offer before the owner accepts it✓ Correct
CRefuse any offer without explanation
DPurchase the property at a discount if another offer is received
Explanation
A right of first refusal gives the holder the right to match a bona fide offer from a third party before the owner is free to accept it. It is commonly used in leases and co-ownership situations.
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