In which of the following conditions is a party's absolute duty to perform conditioned on the other party's absolute duty to perform?
A) condition precedent
B) condition subsequent
C) concurrent condition
D) implied condition

Question

Quizplus · Accepted Answer

A concurrent condition exists when each party's absolute duty to perform is conditioned on the other party's absolute duty to perform. Both parties must be ready, willing, and able to perform their obligations at the same time. Until both parties are ready to perform, neither is obligated to do so.

In Which of the Following Conditions Is a Party's Absolute