Mary contracted to buy 100 table lamps.Under the terms of the agreement,Mary is to pay for the lamps upon delivery.This is an example of
A)a condition precedent.
B)a concurrent condition.
C)a condition subsequent.
D)a service condition.

Question

Quizplus · Accepted Answer

A concurrent condition is when both parties are required to perform their obligations simultaneously. In this case, Mary is required to pay for the lamps at the time they are delivered.

Mary Contracted to Buy 100 Table Lamps