Jean offered to buy some vacant land for $500,000. There were no contingencies in his offer, and it was accepted by the seller. Jerry was planning on building a shopping center on the property, but didn't mention this to the seller or his real estate agent. A few days before closing, Jerry learned that his financing for the shopping center has fallen through. The contract is:

A. void
B. voidable
C. unenforceable
D. valid

Answer: D. Valid
The contract is still valid. Since it was not made contingent on financing for the shopping center. Jerry is liable for performance; if he cant find some way to buy the property, at the very least he is likely to lose his earnest money deposit.