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 represents:
a. an implied condition.
b. a condition precedent.
c. a condition subsequent. d. a concurrent condition

Answer 1

Answer:

The answer is: B) a condition precedent

Explanation:

Condition precedents are things that must exist before something else occurs. In contract law, condition precedents must exist before any contractual obligations exists.

In this case, the condition precedent for Josh purchasing the property is that no environmental problems exist.