Complete the transaction with patricia

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Question: Janice signs a contract with Patricia to buy Patricia's house. The contract provides that Janice will pay Patricia $800,000 in exchange for the house if Janice is able to secure a home loan at 7% interest. Janice is unable to secure a loan for less than 8% interest. Which of the following is not true: Select one: a. Janice can decide unilaterally to purchase the home. b. Patricia has the legal right to reject any attempt by Janice to complete the transaction. c. Janice is not legally obligated to complete the transaction with Patricia. d. Patricia cannot sue Janice for breach of contract if Janice decides not to complete the transaction.

Reference no: EM133579657

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