Sam enters into a contract agreement to buy Betty Lou's house on the condition that he is able to secure financing at or below 6% per year. This is a

a. condition precedent.
b. condition subsequent.
c. novation condition.
d. concurrent condition.


a

Business

You might also like to view...

One of the characteristics of core competence is that it is difficult for competitors to imitate

Indicate whether the statement is true or false

Business

Most auditing companies do not provide behavioral and psychographic information in addition to demographic profiles

Indicate whether the statement is true or false

Business

An organization that supports start-up technology businesses by providing inexpensive office space, a variety of support services, and resources is called a(n) ________.

A. community development organization B. small business investment company C. LLC D. incubator

Business

In both property ownership and net lease arrangements, a retailer can incur risks associated with maintenance expense increases

Indicate whether the statement is true or false

Business