Eton and Fiona sign a contract by which Eton agrees to deliver a washing machine on July 31 in exchange for Fiona's promise to pay the $500 pur?chase price on July 31. The delivery of the washing machine and the payment of $500 are ex?amples of
A) conditions precedent.
B) concurrent conditions.
C) conditions subsequent.
D) illegal conditions.

Question

Quizplus · Accepted Answer

The delivery of the washing machine and payment of the purchase price are concurrent conditions, meaning they are to occur simultaneously. Neither party is required to perform until the other party is ready to perform as well.

Eton and Fiona Sign a Contract by Which Eton Agrees