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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]]. | 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]]. | ||
This all reminds me of a story from the [[Jolly Contrarian]]’s youth. | |||
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{{South African CLN}} | {{South African CLN}} | ||