With no explanation, chose the best option from "A", "B", "C" or "D". the apparent literal meaning of the holding in Division (1) (a) of Booker — for which there is no cited authority on point - that a right of first refusal that lacks a triggering term is not enforceable. See Booker, 248 Ga. App. at 642 (1) (a). The courts of this state have frequently been asked to determine whether a certain event triggered a right of first refusal in agreements in which the triggering term did not specifically address the circumstances that arose. See, e.g., Hornsby v. Holt, 257 Ga. 341, 343 (2) (359 SE2d 646) (1987) (finding that exercising a power of sale in a security deed constituted a trigger of a right of first refusal that was triggered by the property owner electing to sell). See also Hasty v. Health Svc. Centers, 258 Ga. 625, 626-627 (373 SE2d 356) (1988) (<HOLDING>); Schoenbaum Ltd. Co. v. Lenox Pines, LLC, 262

A: holding that an option to purchase stock is property under section 1129b2bii
B: holding that a company that sold an option to buy stock while secretly intending never to honor the option violates  10b and rule 10b5
C: holding that granting an option to purchase constituted a trigger
D: holding that even if the doctrine applies to option contracts no conversion would take place until the option were exercised by the party having the right of election
C.