Examlex
A shipment of 20 digital cameras contains two that are defective.A random sample of three is selected and tested.Let X be the random variable associated with the number of defective cameras in a sample.Find the probability distribution of X and the expected number of defective cameras in a sample.
Conditions Precedent
Legal terms that must be met before a party is required to perform under a contract.
Executory Conditions
Provisions in a contract that require certain actions to be performed before an obligation becomes absolute.
Concurrent Conditions
In a contract, terms under which each party’s performance is conditioned on the performance of the other; occur only when the parties are required to perform for each other simultaneously.
Express
Implies clear and direct communication or conveyance of an idea, intention, or item without any ambiguity.
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