[fallinghawks]

"you will be considered to have dropped the class and will receive a failing grade."

You can't have both. Can you?

[Bartweiss]

This is what through me off most - I assume he means that you'll be dropped from the class and is just trying to ramp up the fear factor even farther.

[deepblueq]

It probably depends on the school, but where I am it sounds most like a WF - withdraw while failing. For almost all purposes it counts as an F.