Hiram owns a piece of land that he wants to sell to Regina.She wants to buy it for the purpose of building a shopping mall.It is not yet clear, however, whether the municipal government will give planning approval for the proposed mall.Hiram and Regina consequently will probably immediately create a contract that is subject to a condition subsequent.

Question

Quizplus · Accepted Answer

Hiram and Regina are likely to create a contract that is subject to a condition precedent, which means the sale would only go through if the municipal government approves the planning for the proposed mall.

Hiram Owns a Piece of Land That He Wants to Sell