Iggy and Jon Sign a Contract by Which Iggy Agrees

question 59

Multiple Choice

Iggy and Jon sign a contract by which Iggy agrees to deliver and install a gas fireplace on October 15 in exchange for Jon's promise to pay the $500 price within ten days of the install date. The delivery and installation of the fireplace and the payment of the price are examples of

• A) conditions precedent.
• B) concurrent conditions.
• C) conditions subsequent.
• D) implied conditions.

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Definitions:

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Chemical Analysis

The process of identifying the chemical components and properties of a substance or sample through various techniques and instruments.