Contracts
A 'right of first refusal' in a NC real estate contract gives the holder the right to:
APurchase the property at any time
BMatch any bona fide offer before the owner may accept it from a third party✓ Correct
CVeto any sale of the property
DLease the property before it is sold
Explanation
A right of first refusal (ROFR) gives the holder the opportunity to match a third party's offer and purchase the property on the same terms before the owner accepts the third-party offer.
Related North Carolina Contracts Questions
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