Jose Agrees to Sell His Car to Diego for $5,000

question 6

Multiple Choice

Jose agrees to sell his car to Diego for $5,000 if he is accepted to Harvard Medical School.This contract is:

• A)illusory.
• B)subject to a condition precedent.
• C)subject to a condition subsequent.
• D)subject to concurrent conditions.

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Definitions:

Cash Discount

A reduction in the price of an item or service offered to a buyer for immediate payment or within a predefined time.

Freight Charges

Costs associated with transporting goods from one place to another.

Discount Date

The specified date on which a discount is applied or becomes effective, often used in the context of payments or billing.

Due Date

The specified date by which a payment, assignment, or project must be completed or submitted.