Gilly Agrees to Buy Howard's Bakery on the Express Condition

question 35

Multiple Choice

Gilly agrees to buy Howard's Bakery on the express condition that the bakery's suppliers extend the same credit terms to Gilly that the suppliers currently extend to Howard. This approval is

• A)a concurrent condition.
• B)a condition precedent.
• C)a condition subsequent.
• D)an implied condition.

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Definitions:

Human Behavior

The range of actions and mannerisms exhibited by humans in conjunction with their surroundings or social norms.

Scientific Method

Describes a systematic, empirical approach for investigation and acquisition of knowledge through observation, experimentation, and data analysis.

Theories; Hypotheses

Theoretical constructs are proposed explanations for phenomena, while hypotheses are testable predictions derived from theories.

Experiments

Experimental processes conducted to explore a new finding, validate a hypothesis, or prove an established truth.