Primus Inc Has Agreed to Purchase a Piece of Land

Multiple Choice

Primus Inc has agreed to purchase a piece of land from Cherie.That agreement is subject to a "condition" (as that word was used in this context in Chapter 16) .The condition reflects the fact that Primus must arrange financing through a bank in order to afford the purchase.Which of the following statements is most likely to be TRUE?

A) The parties will not have a contract until the condition is satisfied.
B) Neither party is required to do anything while waiting to see if the condition is satisfied.
C) The condition has the effect of suspending the need for Cherie to transfer the land to Primus.
D) The condition can also be called a condition subsequent.
E) The land must be located in a jurisdiction that uses a registry system.