The right of first refusal is different from an option, which is an absolute right to choose to buy property and only involves the right to:
A. make future offers before third parties can
B. know the seller's confidential information
C. match an offer from a third party
D. sue for specific performance
Answer: C. match an offer from a third party
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Develop the shortest-route network for the problem below, and determine the minimum distance from node 1 to node 8
From To Distance 1 2 5 1 3 3 2 4 7 2 5 5 3 4 5 3 5 8 3 6 7 4 7 4 5 7 6 6 7 5 6 8 4 7 8 5 What will be an ideal response?
Admati and Pfleiderer (1994) argued that by having both inside and outside investors contribute to a venture, , and thus a rational continuation/termination decision would be made at each stage of development
a. both information asymmetry and principal-agent problems are resolved b. taxes and risk are both minimized c. the overinvestment and underinvestment problems are balanced out d. perception biases cancel out