condition precedent

Also found in: Dictionary/thesaurus, Acronyms, Wikipedia

0.01 sec.

condition precedent n. 1) in a contract, an event which must take place before a party to a contract must perform or do their part. 2) in a deed to real property, an event which has to occur before the title (or other right) to the property will actually be in the name (vest) of the party receiving title. Examples: if the ship makes it to port, the buyer agrees to pay for the freight on the ship and unload it; when daughter Gracella marries she shall then have full title to the property. (See: condition)

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Legal browser	?		Full browser	?
Beneficial Association Bradwell v. Illinois condition Constructive Trust contracts corpse covenant Covenantor debt Integrated Bar notice Parol Evidence Rule precedent prerequisite remainder representation Rule against Perpetuities Second Look Doctrine supplement			A condition is not only regarded as a condition precedent if the policy clearly describes it as such; it will also be treated as one if the courts are satisfied that both parties had intended it to be one. Previous form: a couple of recent court judgments may encourage more ... by Hodgson, Simon / Financial Management (UK) According to the court,"[t]he focus is on the obligation created at the time of the transaction" The Service, on the other hand, argued that the taxpayer's obligation was subject to a condition precedent and, thus, was not a loan. Retail cash advances: loans or income? by Shevak, Richard / The Tax Adviser And the process of requiring mediation as a condition precedent to arbitration allows the parties to better understand each other's position before ultimately submitting the dispute to a binding decision. Gaining popularity: 'step-up' arbitration clauses replace costly ... by Darwin, Charles / Arkansas Business			condemnation action condemnation for public use condemnatory condemned condemned person condemned prisoner condemning condensation condense condensed condere condescend condescend to grant condescending condicio condicio mortalis Condictio indebiti Condiction condign condire condisciple condition condition of a married woman condition of infamy condition of insufficiency condition precedent condition subsequent conditional conditional bequest conditional conveyance of land conditional deed held in trust conditional deliverance conditional discharge conditional disenthrallment conditional disimprisonment conditional emancipation conditional endorsement conditional event conditional independence conditional instrument conditional liberation conditional liberty Conditional obligation conditional property transfer conditional release conditional reprieve conditional sale conditional suspension of sentence conditioned conditioning conditions			Condition Féminine Canada condition identification work authorization Condition Independent Fair Queueing Condition Index Condition Management Programme Condition Monitored Maintenance Condition monitoring Condition monitoring Condition Monitoring and Diagnosis Condition Monitoring System condition of a married woman Condition of Approval Condition of Assembly at Release & Transfer Condition of Binding Condition of Class Condition of Continued Employment condition of infamy condition of insufficiency Condition of Readiness Condition of Supply Condition of Survivors Condition of Text-Block Condition on Elementary Tree Minimality condition out condition portion condition precedent Condition Register Condition Report condition scoring condition scoring condition scoring condition scoring condition scoring condition stub Condition subsequent Condition Survey and Evaluation of Repairs for Buildings condition to Condition Zero Condition Zero League Condition Zero: Deleted Scenes condition-based maintenance Condition-Based Maintenance Consortium Condition-Based Management Condition-Based Risk Management Condition-Transition-Consequence Condition-Wash-Condition Condition/Decision Coverage conditional conditional conditional Conditional (logic) Conditional (logic) Conditional (logic) Conditional (programming) Conditional (programming) Conditional (programming)

Legal Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.