Point of view — it may be right! (5)
I believe the answer is:
angle
I believe this is a triple definition!
'point' is the first definition.
(I have seen 'Point of view' mean 'angle' so perhaps 'point' could also mean 'angle')
'of' acts as a link.
'view' is the second definition.
(angle is a kind of view)
'it may be right' is the third definition.
(I know that angle are often right)
(Other definitions for angle that I've seen before include "fork" , "Perspective" , "Right, acute or obtuse" , "Germanic invader" , "possibly obtuse" .)