condition

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Related to light condition: meningitis, photosensitivity

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 ?
Macular pigment, which consists of lutein, zeaxanthin, and a related pigment, mesozeaxanthin, is responsible for reducing discomfort and maintaining visual performance under glaring light conditions.
They also take account of the way the eye adapts to different light conditions.
The cost-effective system, called ViSe, enables monitoring and recognition of video data in real time, in changing light conditions.
The new compact network cameras adapt automatically to changing light conditions, with built-in infrared (IR) illumination allowing them to capture images even in complete darkness.
high contrast of 600:1 and low levels of reflectivity on the screen surface enable a variety of information and pictures to be reproduced in clear and vivid color, even in high ambient light conditions.
These single-chip units enable display panel backlighting that can account for up to 30 percent to 40 percent of total platform or ambient light conditions.
The first exercise measured the transmittance and transparency of a range of opacity in glass samples under various internal/external light conditions.
Employing the latest digital signal processing technology, the camera provides high-quality color pictures in normal light conditions (day mode) and high-sensitivity black-and-white pictures in low-light conditions (night mode) by switching infrared cut filters mechanically.