BookwormBroker
16:10
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
single condition
Read a random definition: ground annual
A quick definition of single condition:
A condition is something that needs to happen before something else can happen. For example, if you promise to pay someone for fixing your car, the condition is that they actually fix your car. There are different types of conditions, like ones that require you to do something (like paying rent) or ones that forbid you from doing something (like subletting a rented property). Sometimes conditions are written down in a contract, but other times they are just understood between the parties involved.A more thorough explanation:
Single Condition
A single condition is an uncertain event that triggers or negates a duty to perform a promised action. It can be a stipulation or prerequisite in a contract, will, or other instrument, constituting the essence of the instrument. For example, if Jones promises to pay Smith $500 for repairing a car, Smith's failure to repair the car relieves Jones of the promise to pay. A single condition can be affirmative, casual, collateral, compulsory, concurrent, constructive, dependent, disjunctive, inherent, lawful, mixed, negative, positive, potestative, preexisting, promissory, resolutory, or suspensive.
- If a tenant promises to pay rent on a certain day, the payment of rent is a compulsory condition.
- If a contract requires the cooperation of both parties, the cooperation is a constructive condition.
- If a contract requires the performance of more than one act, the condition is a copulative condition.
These examples illustrate how a single condition can be different types of conditions depending on the circumstances of the agreement.