Crucial Exams

Multistate Bar Examination Practice Question

Carol owns a residential property and grants Dave a right of first refusal to purchase the property if Carol decides to sell. Six months later, Carol receives an offer from Eve to buy the property for $300,000 and intends to accept it. How can Dave enforce his right of first refusal?

  • Dave exercises his right at the time he is notified of Eve's offer.

  • Dave can attempt to prevent Carol from accepting Eve's offer.

  • Dave's right of first refusal becomes ineffective after Carol accepts a bona fide offer from Eve.

  • Dave must be notified of Eve's offer and the terms before exercising his right.

Multistate Bar Examination
Real Property
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