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 ?
Here, among pillows enough for six, I soon fell asleep in a blissful condition, and dreamed of ancient Rome, Steerforth, and friendship, until the early morning coaches, rumbling out of the archway underneath, made me dream of thunder and the gods.
For many a decade past the history of industry and commerce is but the history of the revolt of modern productive forces against modern conditions of production, against the property relations that are the conditions for the existence of the bourgeoisie and of its rule.
These ancient Martians had been a highly cultivated and literary race, but during the vicissitudes of those trying centuries of readjustment to new conditions, not only did their advancement and production cease entirely, but practically all their archives, records, and literature were lost.
Aronnax, that the pumps of the Nautilus allow me to store the air under considerable pressure, and on those conditions the reservoir of the apparatus can furnish breathable air for nine or ten hours.
Under the new conditions of perfect comfort and security, that restless energy, that with us is strength, would become weakness.
If we know that the enemy is open to attack, and also know that our men are in a condition to attack, but are unaware that the nature of the ground makes fighting impracticable, we have still gone only halfway towards victory.
Thus such conditions are called affections, not qualities.
It was in those conditions that, at seven on the morning of the
I can only say that he looked like a hawk and she like a dove--and, now that I think of it, that is what they each did look like; and do look like in their normal condition.
I trust that you will find the sum attractive," the Prince said smoothly, "because, as I have warned you before, there are one or two curious conditions coupled with the post.
Matters were in this unfortunate condition, and the club was threatened with approaching dissolution, when an unexpected circumstance occurred to prevent so deplorable a catastrophe.
The author of the 'Vestiges of Creation' would, I presume, say that, after a certain unknown number of generations, some bird had given birth to a woodpecker, and some plant to the misseltoe, and that these had been produced perfect as we now see them; but this assumption seems to me to be no explanation, for it leaves the case of the coadaptations of organic beings to each other and to their physical conditions of life, untouched and unexplained.

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