(b) "This ogreement is made subject to the PURCHASER obtaining a loan from a bank or building society for the full purchase price within 14 days from date hereof. In the event of such loan not being obtained by the PURCHASER within 14 (fourteen) days from date hereof, this agreement shall not be binding on the parties and it will become null and void. The PURCHASER undertakes to apply for such loan forthwith." Discuss the legal implications of these clauses in detail