Contracts
A right of first refusal in a real estate contract gives the holder:
AThe right to purchase a property at a predetermined price regardless of other offers
BThe right to match any bona fide offer the seller receives before the seller can accept that offer✓ Correct
CAn option to purchase within a set time without requiring a premium payment
DThe right to veto any sale of the property
Explanation
A right of first refusal entitles the holder to match any legitimate offer the owner receives. If the owner receives an offer they want to accept, they must first give the right-of-first-refusal holder the opportunity to purchase at the same price and terms.
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