Carl agrees to purchase Anna's property, subject to a contingency stating that he will obtain financing from an Institutional lender. Carl has 45 days to waive or fulfill the contingency, but after 45 days has provided no notice of having waived or fulfilled the contingency. At this point, what can Anna do?
A. Inform Carl she will terminate the agreement in five days, during which time he can waive the contingency
B. Terminate the agreement immediately
C. Terminate the agreement immediately and retain the earnest money deposit
D. Sue Carl for breach of contract
Answer: a. Inform Carl she will terminate the agreement in five days, during which time he can waive the contingency
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