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Mystic Beverages, a producer of soft drinks, wants to differentiate its products from those of other soft drink providers. To implement this strategy successfully will require Mystic to create tangible differences in the physical product it offers.
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.
Executory
A term applied to a contract in which not all of the terms have been fully performed.
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