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49. 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.

49. 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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