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A right to later buy a property at an undetermined price given to a tenant that does not compel the owner to sell is an example of a(n) ____

A right of first refusal.

This is the only the answer selection which meets all the requirements set forth in the question. Options and contracts both obligate the seller and stipulate an agreed to price. A right of first refusal is a pre-emptive right to buy a property if the owner decides to sell.