uestion 7. Selecting Among Potential Financing Contingency Provisions. (a) Would realty buyers be better off with financing contingencies based on clearly specified loan terms, 'satisfactory' financing, or 'available' financing? Explain. (b) Would the optimal financing contingency for a buyer uncertain of her credit worthiness be based on a loan application, a loan commitment or loan funding? Explain. (c) A purchase-and-sale contract is subject to the buyer obtaining a satisfactory loan commitment within ten days of the contract's execution. After ten days, it becomes clear that the lender won't be able to issue the commitment anytime soon. What should the buyer do at that point? (d) Under the facts in (c), will the seller have the option of terminating the contract even if the buyer would prefer to go forward and close