Gilly agrees to buy Howard's Bakery on the express condition that the bakery's suppliers extend the same credit terms to Gilly that the suppliers currently extend to Howard. This approval is
A)a concurrent condition.
B)a condition precedent.
C)a condition subsequent.
D)an implied condition.

Question

Quizplus · Accepted Answer

This is a condition precedent because the sale of the bakery is contingent upon the suppliers extending the same credit terms to Gilly as they do to Howard. The condition must be met before the sale can be completed.

Gilly Agrees to Buy Howard's Bakery on the Express Condition