Contracts
An Oklahoma purchase contract that contains a financing contingency is NOT 'firm' until:
ABoth parties have signed the contract
BThe buyer has obtained loan approval and all contingencies have been removed or expired✓ Correct
CThe earnest money is deposited
DThe seller accepts the offer
Explanation
A contract with a financing contingency is not fully firm (non-contingent) until the buyer has obtained financing approval and the contingency is formally removed. Until then, the buyer has the right to terminate under the contingency.
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