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 periodicals archive ?
In the case of attentional disengagement in regard to social rejection cues, there was a significant interaction between experimental condition and RS (P = -8.
2014), the covariation between pupil peak SCR amplitude was deeper examined across the different experimental condition.
The outgroup was rated less positively by younger children in the experimental condition than by their control peers.
With the basic semantic activation, the frequency of compliance with the request did not differ among the experimental conditions.
These data indicate that participants performed better after Phase I, regardless of the experimental condition to which they were exposed.
The remaining two descriptions were devoid of romantic or sexual themes and were identical across both experimental conditions.
For each variable and experimental condition, the mean and standard deviations were calculated.
In three two-hour sessions, students in the experimental condition went through the simulations of each of the three filters.
To address the experimental hypothesis, the following 3 experimental conditions were examined (Figure 1): (a) Upright while unsupported (UR)--standing upright without grasping hand grips for support or using the moving handles; (b) Arms (ARM)--pulling on the mobile handles during upright exercise; and (c) Forward drive (FWD)--leaning forward while assuming an inclined posture and anchoring the body against the machine's console.

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