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 ?
All of us in the profession owe tremendous gratitude to these strength and conditioning pioneers for paving the way for the thousands of practitioners who have followed.
Molding sand operators and their supervisors have related the improved sand conditioning through additives to the sand feeling as if it has gone though the mechanical aeration even though it has not.
I'm as busy as I possibly can be,'' said Jeff Nelson, who owns a heating and air conditioning business in Northridge.
The program uses fundamental Pilates technique, as well as training and education provided by conditioning expert Karen Clippinger, who was invited by school director Francia Russell to start the conditioning program fifteen years ago.
5) Successful conditioning trains officers to overcome their natural aversion to injuring or using deadly force against other people.
A period of rest and medical attention will likely be required before continuing a conditioning program.
Whether you are an Olympic / Power Lifting coach, personal trainer, high school teacher/coach, collegiate strength / conditioning coach, or just someone interested in general fitness, there is a professional organization and certification opportunity available to fit your educational background and assist with your professional growth.
Of the 18 schools in the Burbank Unified School District, all but three - Providencia and Stevenson elementary schools and John Muir Middle School - now have air conditioning, said Ali Kiafar, chief facilities superintendent for the district.
Mulling equipment problems also can play a major role in poor sand conditioning.
Installing an air conditioning economizer properly set and maintained can significantly reduce your energy bill well.
As fall approaches, the emphasis changes dramatically from the myriad conditioning variables to the specifics of practice and games.
For a school initially promised air conditioning by last September, it's a sweet change.