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Simple English definitions for legal terms

concurrent condition

Read a random definition: occultatio thesauri inventi

A quick definition of concurrent condition:

Concurrent condition: A concurrent condition is a part of a contract that must be done at the same time as another part of the contract in order for the contract to be legal. This means that both parties have to do what they promised to do at the same time. If one party doesn't do their part, the other party doesn't have to do theirs either. It's like a game of catch - you have to throw the ball and catch it at the same time for it to work.

A more thorough explanation:

Concurrent condition is a term used in contracts to describe a situation where two or more conditions must be met at the same time for the contract to be legally enforceable.

For example, let's say that John agrees to sell his car to Jane for $10,000, but only if Jane agrees to pay him the full amount at the time of the sale. In this case, the sale of the car and the payment of the money are concurrent conditions. If Jane fails to pay the full amount at the time of the sale, John is not obligated to sell her the car.

Another example of a concurrent condition might be a contract between a landlord and a tenant. The landlord agrees to rent an apartment to the tenant, but only if the tenant agrees to pay the first month's rent and a security deposit at the time of signing the lease. In this case, the signing of the lease and the payment of the money are concurrent conditions.

Concurrent conditions are important because they ensure that both parties are fulfilling their obligations at the same time. This helps to prevent misunderstandings and disputes that can arise when one party fails to meet their obligations.

conclusion of law | concurrent jurisdiction

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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