Post the statement or question prompt, followed by your response of 100+ words or one full paragraph, explain the reason the statement is true or false. You must use proper citations for each statement 8-10. Your eBook will be a primary source.

9. Bill and Juan sign a purchase agreement with a financing contingency that requires Bill to make a good faith effort to obtain a $300,000 loan at 6.25% interest. There are no other contingencies. Bill applies to several lenders, but the best rate any of them will offer him for a $300,000 loan is 6.5%. Bill and Juan are bound by the contract. 10. Helen is planning to buy a house in Los Angeles. She signs an exclusive buyer representation agreement with XYZ Realty that states, Helen agrees to retain XYZ Realty as her exclusive buyers agent until she buys a home in the Los Angeles area. This is a valid contract.