The following statements are correct, except:
A)A right of first refusal is without any consideration.
B)In granting a right of first refusal, the period has yet to be determined at a future time.
C)In granting a right of first refusal, the amount to be paid will be determined at a future time.
D)A right of first refusal must be supported by a consideration in the form of money to be binding. (Vasquez v. CA)

Question

Quizplus · Accepted Answer

A right of first refusal does not necessarily need to be supported by monetary consideration to be binding, as long as there is some form of consideration.

The Following Statements Are Correct, Except