Condition precedent: Difference between revisions

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 So: I agree to lend you my car for ten quid, but before I let you have the keys, you must give proof you have insurance. The ten pounds is consideration; the insurance certificate is a [[condition precedent]].
-It reminds me of a story from the jolly contrarian's youth. It was decades ago, in the infancy of the credit derivatives market. A partner from Stephenson Harwood (the same one that pronounced it [[sw-æp]] and not [[sw-ŏp]]) sent his mark-up of the, er, [[sw-æp]]. He had rather gone to town, in a manner indicative of only passing acquaintance with the derivatives market.
+It reminds me of a story from the [[jolly contrarian]]'s youth. It was decades ago, in the infancy of the credit derivatives market. A partner from Stephenson Harwood (the same one that pronounced it [[sw-æp]] and not [[sw-ŏp]]) sent his mark-up of the, er, [[sw-æp]]. He had rather gone to town, in a manner indicative of only passing acquaintance with the derivatives market.
-Your correspondent’s supervising partner—an excitable fellow who now runs a newsagent in Gillingham—stormed into the room whilst I was in mid-conversation with the client, a young but quick chap from Dublin.
+Your correspondent’s supervising partner — an excitable fellow who now runs a newsagent in Gillingham—stormed into the room whilst the young [[JC]] was in mid-conversation with the client, a young but quick chap from Dublin.
 :“I have never been so outraged”, said the partner. “I have covered his draft with unprintable words starting with “c” and “p” ...!”
-Without missing a beat, the young client interjected:
+Without missing a beat, the young Irishman interjected:
 :“[[Conditions precedent]]?”