Drew Submitted Two Offers to Purchase for Two Apartment Buildings

Multiple Choice

Drew submitted two offers to purchase for two apartment buildings. Of course, he made the offers subject to financing approval. What is the effect of this condition?

A) The lender has to approve the fair and adequate value of the transaction, or there is no deal.
B) The offer will be void if his lender does not grant a mortgage.
C) The lender will approve the price, deposit, and method of payment.
D) The lender will be given control of the money needed to complete the deal.