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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 ?
With respect to attentional sensitivity to nonsocial negative cues, there was a significant interaction between experimental condition and RS ([beta] = -8.29, p < .05), indicating that RS moderated the impact of ambiguous social rejection on participants' attentional sensitivity to nonsocial negative cues.
In contrast to cycle time, the force level variations significantly affected all experimental conditions for RPE.
Spearman rank correlation between pupil peak size and SCR amplitude as function of experimental condition by type of stimulus
Additionally, it is necessary to create a new variable (e.g., "Condition") to classify the items into the desired experimental conditions (i.e., it is necessary to discretize items trough the critical variables).
The ANCOVA to assess the influence of digitally implemented stereopsis on virtual learning showed no effect of experimental condition on either reaction times or correct answers.
The agent in the RC algorithm might exhibit better performances in several conditions (experimental conditions and various benchmark problems) due to its transitions between order phase and disorder phase.
When studying the behavior of the columns (described by the retention times of the 14 drugs in the 9 experimental conditions), we also worked on the matrix restricted to the central condition (000).
Follow-up tests found that children in the experimental condition (M = 17.04, SD = 2.47) rated more ingroup members with positive traits than did their counterparts in the control condition (M = 15.33, SD = 2.95; p < 0.001), but no differences in positive outgroup trait ratings existed across conditions.
Participants remained under the same experimental condition until a stability criteria of 10% over three sessions occurred.
TMI played no role in the effect of experimental condition on selectivity; this may suggest a process more basic than priming of existing cognitions.
Table II.- Effect of Imidacloprid exposure on serum biochemical profile of Labeo rohita under short term experimental conditions.

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