Daphne agrees to buy Eduardo's Chef's Table restaurant on the condition that Financial Credit Company approves the financing.This approval is

Question

Quizplus · Accepted Answer

A condition precedent is a condition that must be met before a contract can be executed. In this case, the approval of financing by Financial Credit Company is a condition that must be met before the purchase of the restaurant can proceed.

Daphne Agrees to Buy Eduardo's Chef's Table Restaurant on the Condition