When a Sales Contract Provides That Specific Conditions Must Be

question 19

Multiple Choice

When a sales contract provides that specific conditions must be met after title has passed, it is said to contain a condition:

• A) that is not legal.
• B) subsequent.
• C) simultaneous.
• D) of no consequence.

---

Definitions:

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay the loan.

Inadequate

Lacking the quality or quantity required; insufficient for a purpose.