Smith makes an offer on Harry's home. Harry accepts the offer and the parties enter into a contract. Smith must finance the purchase through a bank, so he is worried that if he is unable to obtain financing, he will have no way to pay for Harry's home. Smith's best course of action is to:

A. Do not enter into the contract until he is sure he can obtain financing
B. Enter into the contract, but include a clause that says the purchase is contingent upon his ability to obtain financing
C. Enter into the contract, but rescind it if he cannot obtain financing
D. Enter into the contract, but provide for liquidated damages if financing is not obtained


B

Legal Studies & Paralegal

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Legal Studies & Paralegal