This is Problem 3.42 from Rotman's Homological Algebra text.
Claim
Let $ 0 \to B' \to B \to B'' \to 0$ be an exact sequence of left $R$-modules. If the sequences remains exact after tensoring with all finitely presented right $R$-modules then the sequence is pure exact.
Question
I see that this post provides a proof. Even though the poster tried to prove this without direct limits, this proof was never explicitly given.
Can someone please provide a hint for a direct proof without using direct limits, or at least fill in more details that weren't included in this other post?