Gil agrees to buy Howe's Bakery on the express condition that the bakery's suppliers extend the same credit terms to Gil that the suppliers currently extend to Howe. This approval is
A) a concurrent condition.
B) a condition precedent.
C) a condition subsequent.
D) an implied condition.

Question

Quizplus · Accepted Answer

This is a condition precedent because it is a condition that must be met before the contract (the purchase of the bakery) can be completed.

Gil Agrees to Buy Howe's Bakery on the Express Condition