Contracts
In North Dakota, a contract 'subject to financing' means the purchase is contingent on the buyer:
AHaving the funds to pay cash
BObtaining suitable financing within the specified terms and time period stated in the contingency✓ Correct
CThe lender approving the property only
DThe seller approving the buyer's lender
Explanation
A financing contingency makes the purchase conditional on the buyer's ability to obtain a loan meeting the specified terms (interest rate, loan amount, term) within the contingency period. If financing cannot be obtained, the buyer may cancel and recover earnest money.
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