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Unsigned Contract/uad Hard Stop?

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If the buyer and seller agree that their transaction is contingent upon acceptance by the current lienholder, is it a contract before such acceptance? I don't think so, but then again I'm not a lawyer, nor do I play one on TV.

I'm not one either, though I did take the LSAT.
 
If the buyer and seller agree that their transaction is contingent upon acceptance by the current lienholder, is it a contract before such acceptance? I don't think so, but then again I'm not a lawyer, nor do I play one on TV.

I'm not one either, though I did take the LSAT.(n)
 
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