concurrent conditions

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 are concurrent conditions. McFadden v. Wilder, 6 Ariz.App. 60, 429 P.2d 694.

Black's law dictionary. . 1990.

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 — 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 …   Ballentine'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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