What is the nature of a right of pre-emption in a sale of property?
A right of pre-emption gives the holder a preferential right to acquire the property. When exercised after the sale, the right generally operates by substituting the…
Choose your answer
What is the nature of a right of pre-emption in a sale of property?
Answer and explanation
Correct answer B
A right of pre-emption gives the holder a preferential right to acquire the property. When exercised after the sale, the right generally operates by substituting the pre-emptor for the purchaser.
Option feedback
Option A
Pre-emption concerns priority in purchase rather than a landlord’s right to evict a tenant.
Option B
An eligible pre-emptor can claim priority over a purchaser and may be substituted for that purchaser.
Option C
Pre-emption supplies priority, not a right to a price discount.
Option D
Pre-emption concerns acquisition, not a free-standing cancellation right.
Practice for these exams
-
UGC NET Law
Subject revision
See pack details on LawMint.net -
IIT Kharagpur LL.M. Entrance
Subject revision
See pack details on LawMint.net -
Uttarakhand Judicial Services
-
CUET PG Law (LL.M.)
Subject revision
-
Bihar Judicial Services
Subject revision