Khan offers to buy Lonnie's 1967 Mustang only if an appraiser estimates that it can be restored for less than a certain price. This requirement is
A) an implied condition.
B) a concurrent condition.
C) a condition subsequent.
D) a condition precedent.

Question

Khan offers to buy Lonnie's 1967 Mustang only if an appraiser estimates that it can be restored for less than a certain price. This requirement is
A) ​an implied condition.
B) ​a concurrent condition.
C) ​a condition subsequent.
D) ​a condition precedent.

Quizplus · Accepted Answer

This requirement is a condition precedent because it is a condition that must be met before the contract can be formed. Khan's offer to buy Lonnie's Mustang is contingent upon the appraisal meeting a certain condition, and until that condition is met, there is no binding contract between the parties.

Khan Offers to Buy Lonnie's 1967 Mustang Only If an Appraiser