Tim and Sam entered into a bilateral contract that does not state a time for performance. In this case, the law infers that each party's performance is a:
A) condition subsequent of the other party's duty to perform.
B) constructive concurrent condition of the other party's duty to perform.
C) constructive condition precedent of the other party's duty to perform.
D) condition precedent of the duty of both parties to perform.

Question

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Tim and Sam entered into a bilateral contract that does not state a time for performance. In this case, the law infers that each party's performance is a constructive concurrent condition of the other party's duty to perform. In bilateral contracts that call for an exchange of performances at the same date, or that do not state a time for performance, the law infers that each party's performance is a constructive concurrent condition of the other party's duty to perform.

Tim and Sam Entered into a Bilateral Contract That Does