Fred contracts to sell a certain tract of land to Mary for $20,000, but the contract is silent as to the time of delivery of the deed and payment of the price.In this case, the:
A)payment of the $20,000 and the delivery of the deed are independent of each other.
B)delivery of the deed is a condition subsequent to the payment of the $20,000.
C)payment of the $20,000 and the delivery of the deed are mutually dependent and, in the absence of an agreement to the contrary, are concurrent conditions.
D)payment of the $20,000 is a condition precedent to the delivery of the deed.

Question

Quizplus · Accepted Answer

In the absence of an agreement to the contrary, payment of the $20,000 and delivery of the deed are considered mutually dependent and concurrent conditions, meaning that they should occur simultaneously.

Fred Contracts to Sell a Certain Tract of Land to Mary