concurrent covenants

concurrent covenants
Covenants in a bond, deed, or contract whereof performance by one party of his undertaking is conditioned upon performance by the other party of his undertakings, so that, performance on the two sides shall be simultaneous in the sense that when one party is ready to perform, and offers to perform, the other party must perform or be in default. Snow v Johnson, 1 Minn 48, 52; 20 Am J2d Cov § 8.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • concurrent covenants — dependent, concurrent, and independent covenants Covenants are either dependent, concurrent, or mutual and independent. The first depends on the prior performance of some act or condition, and, until the condition is performed, the other party is …   Black's law dictionary

  • concurrent covenants — dependent, concurrent, and independent covenants Covenants are either dependent, concurrent, or mutual and independent. The first depends on the prior performance of some act or condition, and, until the condition is performed, the other party is …   Black's law dictionary

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

  • dependent covenants — Covenants made by the parties to a deed or agreement which are of such character that the act covenanted to be performed enters into the whole consideration for the covenant or promise on the other part, or where the acts or covenants of the… …   Ballentine's law dictionary

  • dependent, concurrent, and independent covenants — Covenants are either dependent, concurrent, or mutual and independent. The first depends on the prior performance of some act or condition, and, until the condition is performed, the other party is not liable to an action on his covenant. In the… …   Black's law dictionary

  • dependent, concurrent, and independent covenants — Covenants are either dependent, concurrent, or mutual and independent. The first depends on the prior performance of some act or condition, and, until the condition is performed, the other party is not liable to an action on his covenant. In the… …   Black's law dictionary

  • dependent covenants — dependent, concurrent, and independent covenants Covenants are either dependent, concurrent, or mutual and independent. The first depends on the prior performance of some act or condition, and, until the condition is performed, the other party is …   Black's law dictionary

  • independent covenants — dependent, concurrent, and independent covenants Covenants are either dependent, concurrent, or mutual and independent. The first depends on the prior performance of some act or condition, and, until the condition is performed, the other party is …   Black's law dictionary

  • dependent covenants — dependent, concurrent, and independent covenants Covenants are either dependent, concurrent, or mutual and independent. The first depends on the prior performance of some act or condition, and, until the condition is performed, the other party is …   Black's law dictionary

  • independent covenants — dependent, concurrent, and independent covenants Covenants are either dependent, concurrent, or mutual and independent. The first depends on the prior performance of some act or condition, and, until the condition is performed, the other party is …   Black's law dictionary

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