concurrent conditions

concurrent conditions
The conditions in a contract whereof performance by one party of his promises is conditioned upon performance by the other party of his promises; in other words, concurrent conditions are mutual conditions precedent to be performed simultaneously in the sense that when one party is ready to perform and offers to perform, the other party must perform or be in default. 17 Am J2d Contr § 321.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • 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

  • concurrent — UK US /kənˈkʌrənt/ adjective ► happening or existing at the same time as something else: »Delivery of the goods and payment of the price are concurrent conditions, and must therefore occur at the same time. concurrent with sth »Competitions for… …   Financial and business terms

  • conditions concurrent — In contract law, conditions which must be performed by each party simultaneously; e.g. in a cash sale, payment for the goods and delivery are conditions concurrent. See also concurrent conditions …   Black's law dictionary

  • conditions concurrent — In contract law, conditions which must be performed by each party simultaneously; e.g. in a cash sale, payment for the goods and delivery are conditions concurrent. See also concurrent conditions …   Black's law dictionary

  • concurrent stipulations — See concurrent conditions; concurrent covenants, concurrent promises …   Ballentine's law dictionary

  • Concurrent constraint logic programming — is a version of constraint logic programming aimed primarily at programming concurrent processes rather than (or in addition to) solving constraint satisfaction problems. Goals in constraint logic programming are evaluated concurrently; a… …   Wikipedia

  • Concurrent Haskell — extends[1] Haskell 98 with explicit concurrency. The two main concepts underpinning Concurrent Haskell are: A primitive type MVar α implementing a bounded/single place asynchronous channel, which is either empty or holds a value of type α. The… …   Wikipedia

  • Concurrent tandem catalysis — (CTC) is a technique in chemistry which uses multiple catalysts on a single molecule in a one pot vessel to produce a product otherwise not accessible by a single catalyst. (see one pot synthesis) The scheme below illustrates this process.… …   Wikipedia

  • Concurrent use registration — A concurrent use registration, in United States trademark law, is a federal trademark registration of the same trademark to two or more unrelated parties, with each party having a registration limited to a distinct geographic area. Such a… …   Wikipedia

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