The "Right of First Refusal" Refers to Which of the Following

Multiple Choice

The "right of first refusal" refers to which of the following?

A) Partners may refuse to let one of the partners leave the business.
B) Partners may allow one partner to have only limited liability.
C) Partners may have first chance at buying the selling partner's shares in the business.
D) Partners may refuse to pay out the profits of the business and instead reinvest the money back into the business.