Elton and Florida sign a contract by which Elton agrees to deliver and install a utility sink on May 15 in exchange for Florida's promise to pay the $250 price on May 15.The delivery and installation of the sink and the payment of the price are ex-amples of
A)conditions precedent.
B)concurrent conditions.
C)conditions subsequent.
D)implied conditions.

Question

Quizplus · Accepted Answer

The delivery and installation of the sink and the payment of the price are concurrent conditions because both parties are expected to perform their obligations simultaneously on May 15.

Elton and Florida Sign a Contract by Which Elton Agrees