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Lucas Offered to Purchase Baker's Snowmobile If He Could Arrange

Question 45

True/False

Lucas offered to purchase Baker's snowmobile if he could arrange a loan with the bank for the funds. Lucas and Baker signed a written purchase agreement which did not mention the fact that Lucas did not have the necessary funds in his possession. The proviso "if he could arrange a loan with the bank for the funds" would be a condition precedent.

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