When each party's performance is conditioned on the performance of the other, which of the following conditions occur?
A) Precedent
B) Subsequent
C) Concurrent
D) At large
E) Certain

Question

Quizplus · Accepted Answer

Concurrent conditions occur when each party's performance is conditioned on the performance of the other, meaning both parties must perform their obligations at the same time.

When Each Party's Performance Is Conditioned on the Performance of the Other