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 ?
A variety of physical systems, from electronic circuits to the simple double pendulum (which consists of two suspended rods, one pivoting from the other), show the sensitive dependence on initial conditions that characterizes chaotic systems.
For their own serious health condition, or to care for their spouse, son, or daughter, each spouse would be entitled to a total of 12 weeks of leave during any 12-month period.
It is not known exactly what effect positive emotional states have on the biological conditions that underlie MS, but it is important to recognize that the placebo effect has a real biological basis.
This is most prevalent among people with Downs syndrome, a condition associated with mental retardation.
Description: Cram Session in General Medical Conditions: A Handbook for Students & Clinicians is a succinct and descriptive quick reference that provides the rehabilitation professional with a very basic approach to understanding various general medical conditions.
a target section for permanent attachment to a landing area on another portion of the article, when the fastener is in the closed condition and conditions thereafter, a fastening section connected to the target section when the fastener is in conditions prior to the opened condition; disconnected from the target section when fastener is converted from the closed condition to the opened condition, and attachable to and from the target section when the fastener is converted between the re-closed condition and the re-opened condition;
We use the term to refer to the proportion of medical expenditures that can be attributed to a condition or set of conditions.
We have worked through the previous proposed conditions and implemented, .
As was the case in Erickson Post, this would appear to be a current obligation subject to a condition subsequent.
The second condition requires that the currently permitted use or bulk would not provide the owner with a reasonable return from the property.
Another serious health condition involving continuing treatment by a health care provider is described as a "period of incapacity which is permanent or long-term due to a condition for which treatment may not be effective.