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Goldfarb signs a contract to buy March's house for $250,000. The contract includes a financing contingency clause that says Goldfarb is only obligated to buy

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Goldfarb signs a contract to buy March's house for $250,000. The contract includes a "financing contingency clause" that says Goldfarb is only obligated to buy the house if he is able to secure financing at or below 9% at least 7 days prior to the closing. This is an example of a: 1) condition precedent. 2) condition subsequent. 3) novation condition. 4) concurrent condition

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