Same facts as question 51. The contract is signed on a Saturday when the bank is closed. Josh wants to take the car with him and the dealer agrees since Josh made a $5,000 cash down payment. On Monday, the Bank of Planada checks Josh's credit and learns it is very bad. The bank will not approve Josh's credit and the dealer is unwilling to proceed with the deal.

1. Josh must return the car immediately.

2. Josh may keep the car as long as he makes the future payments.

3. The dealer will have to refund the $5,000 cash down payment.

4. 1 and 3.