Examlex
Consider the following image. What type of interaction is depicted by the dashed line?
Condition Concurrent
In contracts, conditions that are to happen or be performed at the same time by both parties involved in the agreement.
Conditions Subsequent
Clauses in a contract that, if met, bring about the termination of the contract's obligations for one or more parties.
Commercially Impracticable
A condition under the Uniform Commercial Code where performance of a contract is made excessively burdensome or expensive due to unforeseen events.
Supervening Event
An event that occurs after the parties have entered into a contract and significantly changes the circumstances, possibly excusing performance.
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