A contract between a retailer and a supplier provides that payment is due upon delivery of goods by the supplier. The retailer's duty to pay and the supplier's duty to deliver constitutes ________.
A) an implied condition
B) a condition precedent
C) a condition subsequent
D) concurrent conditions

Question

Quizplus · Accepted Answer

The duties of both parties to pay and to deliver are to be performed at the same time, and the contract language suggests that performance of each is a condition for the other party's performance. Therefore, it is considered a concurrent condition.

A Contract Between a Retailer and a Supplier Provides That