Purchaser agrees to use diligent efforts to obtain said approval and shall apply for the mortgage loan within business days after the Seller has accepted this. An offer is a proposal from one party to another intending to create a legal obligation upon acceptance.At Capital Law Associates in Nassau, The Bahamas, we serve as a professional breach of contract attorney. We provide all types of relevant help. Check! For more information on preparing and filing your. CAP, please refer to our brochure, Responding to an OSC Audit.