If an event must occur before a party's duty to perform arises, it is called a concurrent condition.

Name: If an event must occur before a party's duty to perform arises, it is called a concurrent condition.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

If an event must occur before a party's duty to perform arises, it is called a condition precedent, not a concurrent condition. A concurrent condition is when the duty of performance arises for both parties at the same time.

If an Event Must Occur Before a Party's Duty to Perform