Condition precedent: Difference between revisions
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imported>Doug Williamson (Link with Precedent page.) |
imported>Doug Williamson m (Add headers.) |
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1. | 1. ''Loan agreement.'' | ||
A condition of a loan agreement which must be satisfied before the loan may be drawn down. | A condition of a loan agreement which must be satisfied before the loan may be drawn down. | ||
2. | 2. ''Law - contracts.'' | ||
More generally in contract law, a contractual condition which must be satisfied, before a party becomes legally obliged to perform their side of the contract. | More generally in contract law, a contractual condition which must be satisfied, before a party becomes legally obliged to perform their side of the contract. | ||
3. | 3. ''Wider context.'' | ||
Even more generally, any event which must happen first, before another event can happen. | Even more generally, any event which must happen first, before another event can happen. | ||
Revision as of 14:58, 25 March 2021
1. Loan agreement.
A condition of a loan agreement which must be satisfied before the loan may be drawn down.
2. Law - contracts.
More generally in contract law, a contractual condition which must be satisfied, before a party becomes legally obliged to perform their side of the contract.
3. Wider context.
Even more generally, any event which must happen first, before another event can happen.
