Buyer being able to secure a loan at nine percent interest

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Reference no: EM131773597

Barbara made a contract to sell a house to Bolton. The agreement stated that it was contingent upon the buyer being able to secure a loan at nine percent interest. The buyer obtained the loan and sought to enforce the contract. Barbara then claimed that the contract was not binding because the contract did not impose an obligation on both parties because of the loan provision. Was the contract binding? Explain your answer.

Reference no: EM131773597

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