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What Is the Legal Effect of a Financing Condition in an Offer

Question 41

Multiple Choice

What is the legal effect of a financing condition in an offer?


A) There is no contract until the vender provides the seller with financing.
B) The transaction will not proceed unless the buyer's lender grants a mortgage.
C) The lender must approve the price,deposit,and method of payment.
D) The lender will be given control of the money needed to complete the deal.

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