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 ?
Not to be outdone, L'Oreal USA is rolling out two conditioners in its CurlVive line for naturally curly hair.
A 19-tube bundle flow conditioner is located 10D upstream of the orifice plate.
PAUL Stafford's Guide To Choosing Shampoo and Conditioner
There is less of a price difference today between power conditioners and UPSs, so therefore the decision to purchase a UPS-level of protection has become an easier and more obvious choice.
The average new central air conditioner sold in 1988 had a SEER of about nine.
Overall market volume for air conditioners in China
The user massages the conditioner into the hair and does not rinse for several minutes allowing the product to completely penetrate the hair fibers.
99 for 200ml This conditioner is designed to smooth hair while also strengthening unruly locks.
Contract notice: Supply, Installation, Warranty service and maintenance of air conditioners for sites of the customs agency.
With a wide product range covering air purifiers, air conditioners, air humidifiers, air coolers as well as cooling fans, Midea holds leadership positions in all of these niches thanks to its continuous reform and upgrading, and high level of brand awareness among local consumers.
The country is renovating and building new stadiums and will also be installing very powerful air conditioners in entire stadiums to enhance the ambient temperature during the international sporting event, said the report entitled "Qatar Air Conditioner (2015-2021)" and released by 6Wresearch, a global market research and consulting firm.
The solar VRF system is a hybrid solar-electric air conditioner which can work on zero power from Dewa.