condition precedent, concurrent and subsequent
Precedent: must occur before a duty arises; concurrent: both performances due at the same time, so each party must tender to put the other in breach (R.2d § 234); subsequent: an event that discharges a duty already in force (the Restatement treats it as a condition that terminates a duty).
In SpanishEn español
condición precedente, concurrente y subsecuente
Precedente: debe ocurrir antes de que nazca la obligación; concurrente: ambas prestaciones vencen a la vez, así que cada parte debe ofrecer cumplir para poner a la otra en mora (R.2d § 234); subsecuente: evento que extingue una obligación ya vigente. Equivalen a las condiciones suspensiva y resolutoria.
ExamplesEjemplos
- Delivery of goods and payment are concurrent conditions: the seller must tender the goods to demand the price. La entrega y el pago son condiciones concurrentes: el vendedor debe ofrecer la mercancía para exigir el precio.
RelatedRelacionados: condition (express and constructive), order of performance
Cases: Kingston v. Preston
In your flashcardsEn tus flashcards