B-Law Chapter 17
an event whose happening or nonhappening affects a duty of performance
Conditions
Conditions are created 3 ways:
express, implied in fact, implied in law
Contingency explicitly set forth in language
express condition
contingency understood by the parties to be part of the agreement, though not
expressed
Implied-in-fact
contingency not contained in the language of the contract but imposed by law;
also called a constructive condition
Implied-in-Law
When do conditions affect a duty?
concurrent conditions,
conditions precedent,
conditions subsequent
conditions that are to take place at the same time
concurrent conditions
an event that must or must not occur before performance is due; something
happens and a duty comes to life
an event whose happening or nonhappening affects a duty of performance
Conditions
Conditions are created 3 ways:
express, implied in fact, implied in law
Contingency explicitly set forth in language
express condition
contingency understood by the parties to be part of the agreement, though not
expressed
Implied-in-fact
contingency not contained in the language of the contract but imposed by law;
also called a constructive condition
Implied-in-Law
When do conditions affect a duty?
concurrent conditions,
conditions precedent,
conditions subsequent
conditions that are to take place at the same time
concurrent conditions
an event that must or must not occur before performance is due; something
happens and a duty comes to life
