Don agrees to buy Ed’s Bicycle Store on the condition that First State Bank approves the financing. This approval is
A. a concurrent condition.
B. a condition precedent.
C. a condition subsequent.
D. a solvent condition.
Answer:B
Don agrees to buy Ed’s Bicycle Store on the condition that First State Bank approves the financing. This approval is
A. a concurrent condition. B. a condition precedent. C. a condition subsequent. D. a solvent condition.