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 ?
Maybe the reason of this phenomenon can explain by increasing first and last internode under dark and light conditions, respectively.
Personally, we prefer the OnePlus 3Where to buy 27999, for its brighter images in regular light conditions.
For operation on the applications with different light conditions, the new dome camera uses switchable IR cut filter and transmits Color/BW images at up to 0.1/0.08 lux.
Users can be assured of excellent picture in all light conditions to make high-impact presentations," he noted.
In addition, the study found that rods - which take their name from their cylindrical shape - also contribute (along with cones and other retinal cells) to setting internal clocks in bright light conditions.
The subjects demonstrated improved visual performance under glaring light conditions over the course of the test period compared with baseline.
Depending on light conditions, the subtle shades of the silvery grey steel merge completely with an overcast sky.
Noise is now enough at ISO 800 and 1600 to safely photograph in dim light conditions without using the flash.'
The camera can capture reliable, high-performance images even at light conditions as low as 0.7 lux in color mode and 0.48 lux in black-and-white.
The camera offers three different operating modes, which can be instantly selected for a fast response to changing light conditions. Performance can be further tuned using built-in controls and on-screen menus, or by using the configuration tool.
We tested the S4 in a variety of settings--in normal as well as low light conditions (although our dinner companions were none too pleased by the spectacle)--and were not disappointed.
LPDs are fully night-vision goggle compatible and can conduct flight operations in any ambient light conditions. In addition, they have a first-class Aircraft Direction Center (ADC) that can provide emergency low-visibility approaches and tactical aid to navigation system approaches, as well as fill the ADC role for the entire ARG.