It is sometimes called the right of first refusal.a.Pre-emptive rightb.Appraisal Rightc.Dividend Rightd.Intrinsic Right
Question
It is sometimes called the right of first refusal.a.Pre-emptive rightb.Appraisal Rightc.Dividend Rightd.Intrinsic Right
Solution
The term "right of first refusal" is also known as a "Pre-emptive right". This is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. In brief, the right of first refusal is the right to do something before others can.
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