An Agreement for the Purchase and Sale of Property Included

Multiple Choice

An agreement for the purchase and sale of property included the following words: "Subject to the purchaser obtaining satisfactory financing by 5 p.m.on Friday,February 22,2011." If the court held that this subject to clause was so vague that "the entire contract was void for uncertainty," this would mean that

A) the contract was in existence but could not be enforced.
B) the contract was in existence but one party has the right to repudiate the contract.
C) the contract was never in existence.
D) the contract is in existence but the court will not do anything to help the parties.
E) the court will impose a reasonable alternative for the term in question.