19:12
My crypto also flows in 5 day epochs too.
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Simple English definitions for legal terms
unconditional delivery
Read a random definition: constitution
A quick definition of unconditional delivery:
Unconditional delivery: When someone gives something to another person without any conditions or requirements, it is called unconditional delivery. This means that the person receiving the item immediately gets full possession and ownership of it. For example, if someone gives you a toy without asking for anything in return, that is unconditional delivery.
A more thorough explanation:
Definition: Unconditional delivery is the act of transferring something to another person without any conditions or restrictions. It immediately passes both possession and title, taking effect immediately.
Examples:
- A seller hands over the keys to a car to the buyer and signs the title over to them, without any conditions or restrictions.
- A landlord gives the tenant the keys to a rental property and signs the lease agreement, without any conditions or restrictions.
These examples illustrate unconditional delivery because the transfer of possession and title is immediate and without any conditions or restrictions. The buyer or tenant now has full control and ownership of the car or rental property.