mutual conditions

mutual conditions
Concurrent conditions. Conditions such that the performance of one, which rests upon a party to a contract, is a condition precedent to the performance of the other as undertaken by the other party to the contract. 17 Am J2d Contr § 321.

Ballentine's law dictionary. . 1998.

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  • mutual covenants — Covenants in the nature of mutual conditions, the performance of the one being a condition precedent to the obligation of performance of the other. 20 Am J2d Cov § 9 …   Ballentine's law dictionary

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  • concurrent conditions — Conditions which must occur or be performed at the same time; they are mutually dependent. No obligations arise until these conditions are simultaneously performed. When each party to a transaction is subject to mutual conditions precedent, these …   Black's law dictionary

  • concurrent conditions — Conditions which must occur or be performed at the same time; they are mutually dependent. No obligations arise until these conditions are simultaneously performed. When each party to a transaction is subject to mutual conditions precedent, these …   Black's law dictionary

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