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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 ?
The biggest difference between portable and window units is that window air conditioners are installed and secured in window frames and are meant to be kept there for the entire season.
Room air conditioners carry an Energy Efficiency Rating (EER).
India Air Conditioners Market Forecast & Opportunities, 2020 " has evaluated the future growth potential of air conditioners market in India and provides statistics and information on market structure, size, share and its future growth.
Japanese air conditioner brands like Daikin and Panasonic, with core technology of inverter compressor, only have some advantages in China's high-power cabinet inverter air conditioner market.
SOAP AND GLORY GLAD HAIR DAY CONDITIONER (250ml, pounds 5) Packed full of goodies such as raspberry, shea butter and glycerine, this smells good and has plenty of lather in an easy-to-use tube.
You can get a travel pack of shampoo and conditioner - great for holidays and special occasions - for around pounds 25.
The two firms will invest 910 million yuan, or 12 billion yen, to found two joint ventures in Zhuhai, Guangdong Province, in March to produce key components and molds for air conditioners.
For rent-controlled apartments, owners must apply for approval from the DHCR to collect the air conditioner surcharge.
UPS's with TBF units are recommended as they are about half the price of a comparable UPS with line conditioner unit, and are much smaller and lighter.
Tokyo, Japan, Aug 19, 2005 - (JCNN) - Mitsubishi Electric announced on August 18 that it will release two power conditioner models for a home solar power system on December 20.