Theodor sells his farm to Matt. Before the sale goes through, Matt discovers that Theodor has actually given Edith an option to purchase the property, which has not yet expired. Can Matt terminate the deal?

Group of answer choices

No, because Theodor has failed to deliver marketable title

Yes, because Edith's option to purchase materially affects the value of the property

Yes, because Theodor failed to disclose defects associated with the property

Yes, because there is an encumbrance on the property