condition


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condition

A future and uncertain event that determines whether or not there will be a contractual obligation or liability. Conditions may be express or implied, possible or impossible, lawful or unlawful, affirmative or negative, precedent or subsequent, positive or negative, and, finally, single, copulative,or disjunctive.Each type of condition has different legal consequences.

Examples of the most common types encountered in real estate are

• Express. If the purchaser cannot obtain financing, the purchaser may cancel the contract.

• Implied. If the seller burns down the house the day before closing, the purchaser may cancel the contract.

• Lawful. If the broker produces a buyer willing and able to pay the asking price, the seller will pay a commission of 6 percent of that price.

• Unlawful. If the broker produces a buyer willing and able to pay at least $125,000, the broker will be paid all the purchase price in excess of $125,000.

References in classic literature ?
They direct their attacks not against the bourgeois conditions of production, but against the instruments of production themselves; they destroy imported wares that compete with their labour, they smash to pieces machinery, they set factories ablaze, they seek to restore by force the vanished status of the workman of the Middle Ages.
The various interests and conditions of life within the ranks of the proletariat are more and more equalised, in proportion as machinery obliterates all distinctions of labour, and nearly everywhere reduces wages to the same low level.
Such conditions are therefore termed, not qualities, but affections.
But if one ask oneself what the conditions to such an attitude are, one will realise immediately how utterly different Nietzsche was from his ideal.
I had no more sense of God or His judgments - much less of the present affliction of my circumstances being from His hand - than if I had been in the most prosperous condition of life.
I walked about, but was very weak, and withal very sad and heavy-hearted under a sense of my miserable condition, dreading, the return of my distemper the next day.
Why, then,' said he, 'it was you that saved my life at that time, and I am glad I owe my life to you, for I will pay the debt to you now, and I'll deliver you from the present condition you are in, or I will die in the attempt.
He sprang upon him at once, and placing the lance over his visor said to him, "You are vanquished, sir knight, nay dead unless you admit the conditions of our defiance.
These three great divisions of the higher Martians had been forced into a mighty alliance as the drying up of the Martian seas had compelled them to seek the comparatively few and always diminishing fertile areas, and to defend themselves, under new conditions of life, against the wild hordes of green men.
Just so, but under these conditions the man is not at liberty; he is attached to the pump which sends him air through an india-rubber tube, and if we were obliged to be thus held to the Nautilus, we could not go far.
Under the difficulties of the then existing conditions he strove for that, and for that alone, putting his faith into practice against every risk.
We do not steadily bear in mind, how profoundly ignorant we are of the conditions of existence of every animal; nor do we always remember, that some check is constantly preventing the too rapid increase of every organized being left in a state of nature.