Condition precedent: Difference between revisions

no edit summary
No edit summary
No edit summary
Line 1: Line 1:
The things you agree to do, or must happen, before the other guy has to do what he said he'd do. Not to be confused with [[consideration]], which is what you give him for doing it.
The things you agree to do, or that must happen, before the other guy has to do what {{sex|he}} said he'd do.  


So: I agree to lend you my car for ten quid, but before I let you have the keys, you must prove you have insurance.  
Not to be confused with [[consideration]], which is what you give {{sex|him}} in return for doing it.
 
So: I will lend you my car for ten quid, but before I give you the keys, you must prove you have insurance.  


The ten pounds is [[consideration]]; the insurance certificate is a [[condition precedent]].
The ten pounds is [[consideration]]; the insurance certificate is a [[condition precedent]].