Contracts
A right of first refusal gives the holder:
AThe right to purchase the property at any price they choose
BThe opportunity to match any bona fide offer before the seller can accept it from another party✓ Correct
CAn option to buy at a fixed price within a specified time
DThe right to prevent the sale to any third party
Explanation
A right of first refusal gives the holder the right to match any bona fide third-party offer before the property owner can accept it. It does not fix the price — the holder must be willing to meet the same terms offered by the third party.
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