Under the prevailing view, what is the transferability of a right of entry?
QUESTION
O conveys a fee simple 'to A, but A may never sell the property.' What interest does A hold?
QUESTION
What is a preemptive right, or right of first refusal?
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ANSWER
A right to purchase property on the same terms as a third-party offer before the owner sells. Reasonable rights of first refusal are generally valid restraints.