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Imothy contracts with Howard Construction Company to build him a new house for $$350,000.$ In the contract, there is a provision indicating that Timothy must btain "suitable financing" $($defined by the contract as a $3\mathrm{.}75$ percent annual percentage rate of interest or lower interest rate, for the entire purchase price of the ome$)$ before his obligation to purchase the house arises. The "suitable financing" provision in this contract is known as

Multiple Choice

promissory estoppel

a concurrent condition

a condition subsequent

a condition precedent