Rights of first refusal are subject to the Rule Against Perpetuities. To be valid, the interest must vest or fail by the end of a life in being plus 21 years. Which statute or doctrine governs this requirement?

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Multiple Choice

Rights of first refusal are subject to the Rule Against Perpetuities. To be valid, the interest must vest or fail by the end of a life in being plus 21 years. Which statute or doctrine governs this requirement?

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