Examlex
Financial information for Retro Designs includes the following selected data:
What is the company's price-earnings ratio?
Condition
In contract law, a future, uncertain event that creates or extinguishes a duty of performance; a provision or clause in a contract that operates to suspend or rescind a party’s duty to perform.
Condition Precedent
A condition that operates to give rise to a contracting party’s duty to perform.
Close of Escrow
The finalization of a real estate transaction, where all conditions have been met and the property's title is transferred from the seller to the buyer.
Condition Subsequent
A condition in a contract that, when it occurs, terminates an existing obligation, making the contract's terms no longer binding.
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