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condition precedent |
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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) |
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governments did not require the surviving Native Americans to publicly proclaim the "rightness" of their ethnic cleansing by the Pale Faces as a condition precedent to even discussing what reservation might be set aside for them--under economic blockade and threat of starvation until they shed whatever pride they had left and conceded the point. The Service, on the other hand, argued that the taxpayer's obligation was subject to a condition precedent and, thus, was not a loan. In another case, unreasonableness was found where the landlord demanded a fee as a condition to its consent when such a fee was not provided for in the lease as a condition precedent for the landlord granting its consent. |
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condition precedent