Question

Reference - Dream Home. Maurice finds a dream home on the lake. He wants to buy it but is unsure whether he can get a loan. He signs a contract with the seller that he will buy the home if he can get a loan. Maurice also includes a contractual clause into the contract withthe seller that if the purchase goes through but he loses his job withinone year, the seller will repurchase the house for the same price Maurice paid for it. After getting a loan and buying the home, Mauricedecided that he wanted new windows put into the home. He entered into a contract with a window contractor. The window contractor visited the home, but Maurice was always gone. The contractor madeseveral attempts to reach Maurice, but Maurice would not return phone calls and made no attempt to assist the contractor with installation. The provision that Maurice did not have to buy the houseunless he was able to get a loan is referred to as which of the following? A. A condition subsequentB. A condition precedentC. An implied conditionD. An express conditionE.Both a condition precedent and an express condition

Answer 1

Both a condition precedent and an express condition

Step-by-step explanation:

Dream Home. Maurice finds a dream home on the lake. He wants to buy it but is unsure whether he can get a loan. He signs a contract with the seller that he will buy the home if he can get a loan. Maurice also includes a contractual clause into the contract withthe seller that if the purchase goes through but he loses his job withinone year, the seller will repurchase the house for the same price Maurice paid for it. After getting a loan and buying the home, Mauricedecided that he wanted new windows put into the home. He entered into a contract with a window contractor. The window contractor visited the home, but Maurice was always gone. The contractor madeseveral attempts to reach Maurice, but Maurice would not return phone calls and made no attempt to assist the contractor with installation. The provision that Maurice did not have to buy the house unless he was able to get a loan is referred to as which of the following?Both a condition precedent and an express condition

A condition precedent is when an entire contract is conditioned on something occurring first, that first thing

An express condition is an contractual condition of satisfaction that must be met before the other party's obligation to pay for the performance arises.