Examlex
Discuss accounts receivable management methods in a small business.
Condition Concurrent
A situation in a contract wherein the parties involved must perform their respective obligations at the same time.
Washing
Typically refers to cleaning something by immersing and agitating it in water or another liquid.
Conditional Contract
An agreement that becomes enforceable only after certain conditions are met or fulfilled.
Condition Precedent
In a contract, an event that must occur in order for a party’s duty to arise.
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