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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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The Air Conditioner report includes a thorough analysis of substantial factors that impact the market significantly.
Vogue's branded products include the OGX and Maui Moisture collection of shampoos, conditioners and styling/treatment items, the OGX Bath & Body Collection, the Proganix collection of salon-inspired hair care and the FX styling line.
Among regions, North dominated India air conditioners market with value shares of over 38 per cent last year, said the report.
Industry watchers presume the sales figure of air conditioners this year will be between 2.5 million to 2.7 million which is slightly increased from last year.
The LG Dual Cool with Dual Inverter Window Type Air Conditioner features a design that's as durable as it is sleek and modern.
Pakistan is one of the potential markets for air conditioners in the Asia-Pacific region; led by rising investments, public and private infrastructure development as well as government "Vision 2025", which would drive government spending in several sectors such as housing, infrastructure, commercial, hospitality, manufacturing, education, and healthcare.
Connected air conditioners include smart air conditioners, with integrated built in connectivity and requirelittle human intervention in sensing, analyzing and integrating with supporting online services
Because the new Whisen air conditioner is part of the ThinQ-labeled products by LG, it can be connected to smart speakers.
Gree is the most reliable and prestigious enterprise of air conditioning technologies and innovation around the has been recognized as the number one air conditioner enterprise.Gree air conditioner are a perfect blend of technology and trendy looks to give consistent field that ideally suits with theme.
Products in the line are Gliss Ultra Moisture Shampoo and Conditioner, Express Repair Conditioner and Anti-Breakage Treatment, all formulated to provide essential moisture for up to 85% less hair breakage; Gliss Color Guard Shampoo and Conditioner, designed to protect color-treated hair for up to 12 weeks; Gliss Ultimate Repair Shampoo and Conditioner, Anti-Damage Mask and Express Repair Conditioner, made with 3x Liquid Keratin for extreme damage repair; Gliss Oil Nutritive Shampoo and Conditioner, offering nourishment and up to 90% fewer split ends; and Gliss Extra Volume Collagen complex Shampoo and Conditioner, and Lift-Up Spray.
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.