Legal Definition and Related Resources of Condition Precedent
Meaning of Condition Precedent
It is a condition which delays the vesting of a right until an event happens. In real estate law, it is a fact or event which must exist or happen before a right becomes vested. Wein Consolidated Airlines v C.I.R., (C.A.9)528 F.2d 735. In relation to contracts, the term refers to an event or an act which must happen or be performed before a right can accrue to enforce an obligation dependent upon the happening or performance thereof against another in favor of one claiming such right. See Partlow v Matthews, 261 P.2d 394, 43 Wash. 2d 398.
Related Entries of Condition Precedent in the Encyclopedia of Law Project
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Condition Precedent in Historical Law
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Legal Abbreviations and Acronyms
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Related Legal Terms
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Condition Precedent
Resources
See Also
- See condition.
Concept of Condition Precedent in the context of Real Property
A short definition of Condition Precedent: A condition to be performed before an agreement becomes effective or some right vests or accrues.
Concept of Condition Precedent in the context of Real Property
A short definition of Condition Precedent: A condition to be performed before an agreement becomes effective or some right vests or accrues.
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