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Kapenis put in a bid to buy the Gildeases' house. The contract contained a clause stating that the offer was subject to Kapenis's obtaining suitable

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Kapenis put in a bid to buy the Gildeases' house. The contract contained a clause stating that the offer was subject to Kapenis's "obtaining suitable financing interest rate no greater than 123/4 percent." Kapenis rejected all loan programs offered to him as having monthly payments that were too high, as not being assumable, or as having terms that were not satisfactory. Kapenis then withdrew his offer. The Gildeases sued him for breach of contract. Discuss whether or not the scenario is correct? Explain your opinion

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