A right of __________ refusal is the right of a party to meet the terms of a proposed contract before it is executed, such as a real estate purchase agreement.
A) concomitant
B) conditional
C) formal
D) first

Question

Quizplus · Accepted Answer

A right of first refusal gives the party an opportunity to meet the terms of a proposed contract before it is executed, usually in situations where the property or asset being sold may have sentimental or strategic value to the holder of the right.

A Right of __________ Refusal Is the Right of a Party