A lease agreement states: 'This lease is contingent upon the tenant obtaining financing by March 1.' The tenant cannot obtain financing by that date. What type of condition is this, and what is the legal effect?
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A
Condition subsequent; the lease continues unless affirmatively terminated
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B
Condition precedent; the tenant's duty to perform the lease never arises
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C
Constructive condition; the landlord must perform first
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D
Implied condition; the tenant may waive it unilaterally without consequence