Contracts
A North Dakota purchase contract that provides a buyer the 'right of first refusal' in the contract means the seller must:
AAccept the buyer's first offer regardless of price
BGive the buyer the opportunity to match any third-party offer before the seller accepts it✓ Correct
CReject all offers before accepting the buyer's offer
DFirst offer the property to the county
Explanation
A right of first refusal gives the holder the right to purchase the property on the same terms as any bona fide offer the seller receives from a third party. The seller must present the third-party offer to the right-holder before accepting it.
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