Example of which type of property agreement

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Reference no: EM131058468

Robert wants to sell his family farm for the fair market value of the property. He plans on inviting offers from interested parties, and when he determines the highest offered price, he will see if any of his children wish to purchase the farm at that price. This is an example of which type of property agreement?

A. Option Contract

B. Right of First Refusal

C. Both Option and Right of First Refusal

D. Neither Option nor Right of First Refusal

Reference no: EM131058468

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