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A Right of First Refusal Is the Right,conferred by a Written

Question 24

Multiple Choice

A right of first refusal is the right,conferred by a written contract,to:


A) purchase real property and lease it back to the selling company for its use.
B) abide by the general terms and conditions of a proposed purchase until a formal acquisition agreement can be signed.
C) purchase property on the same terms offered by or to a third party.
D) give the holder only the right to negotiate the purchase of the property before the seller enters negotiations with another party.

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