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)concurrent condition.
C)condition subsequent.
D)service condition.

Question

Quizplus · Accepted Answer

A concurrent condition exists when the parties are to perform simultaneously. In this case, Mary's obligation to pay is contingent upon the delivery of the lamps, and the delivery of the lamps is contingent upon the payment, making it a concurrent condition.

Mary Contracted to Buy 100 Table Lamps