Question

Antonio owns property on which a gasoline station once stood. Josh agrees to buy the land so that he can build an office on it. They include language in the contract making the purchase contingent on a determination that there are no environmental problems with the property. The contingency representsa. a condition subsequent.b. a concurrent condition.c. an implied condition.d. a condition precedent.

Answer 1

Answer:

The correct answer is letter "D": a condition precedent.

Explanation:

Condition precedents are certain conditions that must be met or provided so that an agreement or contract can be signed. Structurally speaking, a condition precedent implies "A" action must take place so that action "B" can happen. In that case, "A" represents the condition precedent.