Final answer:
When A, B, and C sell their indivisible lot with a right to repurchase, they can redeem their lot by exercising their right of redemption within the specified timeframe and repurchase price.
Step-by-step explanation:
When A, B, and C sell their indivisible lot with a right to repurchase, they can redeem their lot by exercising their right of redemption within the specified timeframe. This means that they can buy back the lot from the vendee by paying the agreed-upon repurchase price.
For example, let's say A, B, and C sold their lot for $100,000 to the vendee with a right to repurchase within one year. If they decide to redeem the lot, they would need to pay the vendee $100,000 to regain ownership.
It's important to note that the right of redemption is typically subject to certain conditions and terms agreed upon in the contract, such as the timeframe and repurchase price.