Which statement about a right-of-first-refusal provision is correct under the Statute of Frauds and general reasonableness standards?

Which statement about a right-of-first-refusal provision is correct under the Statute of Frauds and general reasonableness standards?

• A. It is void because the price is to be determined by a panel of experts.
• B. It is void if it binds future heirs.
• C. It is valid if reasonable under Statute of Frauds and price determined by experts.
• D. It automatically terminates upon the death of the grantors.

Answer: (C)