By quitclaim deed dated August 15, 1989, plaintiff conveyed to defendant a parcel of land located in the Town of Worcester, Otsego County. Only plaintiff signed the deed which contained the following clause: "The grantor herein reserves the option to purchase and a right of first refusal for the property herein described, on a first refusal basis, for Seven Thousand and 00/100 ($7,000.00) Dollars...
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