condition

condition
A future and uncertain event upon the happening of which is made to depend the existence of an obligation, or that which subordinates the existence of liability under a contract to a certain future event. Provision making effect of legal instrument contingent upon an uncertain event.
A clause in a contract or agreement which has for its object to suspend, rescind, or modify the principal obligation, or, in case of a will, to suspend, revoke, or modify the devise or bequest.
A qualification, restriction, or limitation modifying or destroying the original act with which it is connected; an event, fact, or the like that is necessary to the occurrence of some other, though not its cause; a prerequisite; a stipulation. A qualification or restriction annexed to a conveyance of lands, whereby it is provided that in case a particular event does or does not happen, or in case the grantor or grantee does or omits to do a particular act, an estate shall commence, be enlarged, or be defeated.
An "estate on condition" arises where an estate is granted, either in fee simple or otherwise, with an express qualification annexed, whereby the estate granted shall either commence, be enlarged, or be defeated, upon performance or breach of such qualification or condition. In insurance parlance, the printed conditions on the inside of the policy which serve generally as a limitation of risk or of liability or impose various conditions requiring compliance by the insured. Mode or state of being; state or situation; essential quality; property; attribute; status or rank
Civil law
Conditions in the civil law are of the following types: The casual condition is that which depends on chance, and is in no way in the power either of the creditor or of the debtor. Civ.Code La. art. 2023.
A mixed condition is one that depends at the same time on the will of one of the parties and on the will of a third person, or on the will of one of the parties and also on a casual event. Civ.Code La. art. 2025. The potestative condition is that which makes the execution of the agreement depend on an event which it is in the power of the one or the other of the contracting parties to bring about or to hinder. Civ.Code La. art. 2024. A resolutory or dissolving condition is that which, when accomplished, operates the revocation of the obligation, placing matters in the same state as though the obligation had not existed. It does not suspend the execution of the obligation. It only obliges the creditor to restore what he has received in case the event provided for in the condition takes place. Civ.Code La. art. 2045. A suspensive condition is that which depends, either on a future and uncertain event, or on an event which has actually taken place, without its being yet known to the parties. In the former case, the obligation cannot be executed till after the event; in the latter, the obligation has its effect from the day on which it was contracted, but it cannot be enforced until the event be known. Civ.Code La. art. 2043; New Orleans v. Railroad Co., 171 U.S. 312, 18 S.Ct. 875, 43 L.Ed. 178.

Black's law dictionary. . 1990.

Игры ⚽ Поможем сделать НИР
Synonyms:

Look at other dictionaries:

  • condition — [ kɔ̃disjɔ̃ ] n. f. • v. 1160 « convention, pacte »; bas lat. conditio, class. condicio I ♦ (État, manière d être.) A ♦ (Personnes) 1 ♦ (XIIIe) Vieilli Rang social, place dans la société. ⇒ classe, état. L inégalité des conditions sociales. Les… …   Encyclopédie Universelle

  • condition — con·di·tion 1 n 1: an uncertain future act or event whose occurrence or nonoccurrence determines the rights or obligations of a party under a legal instrument and esp. a contract; also: a clause in the instrument describing the act or event and… …   Law dictionary

  • condition — CONDITION. s. f. La nature, l estat & la qualité d une chose ou d une personne. La condition des choses d icy bas. la condition des hommes semble plus malheureuse que celle des animaux. la condition des Princes ne souffre pas &c. cette… …   Dictionnaire de l'Académie française

  • condition — CONDITION. s. f. La nature, l état et la qualité d une chose ou d une personne. La condition des choses humaines est d être périssables. La condition des Princes les oblige à plus de devoirs que les autres hommes. Cette marchandise n a pas les… …   Dictionnaire de l'Académie Française 1798

  • Condition — • That which is necessary or at least conducive to the actual operation of a cause Catholic Encyclopedia. Kevin Knight. 2006. Condition     Condition      …   Catholic encyclopedia

  • condition — con‧di‧tion [kənˈdɪʆn] noun [countable] LAW INSURANCE something stated in a contract, agreement, or insurance policy that must be done or must be true otherwise the contract, agreement, or policy will be ended or will not remain in force: • You… …   Financial and business terms

  • condition — Condition, Conditio. Basse condition, Ignobilitas. Un homme de basse condition ou estat, Vnus de multis, Infimus homo, Homo vltimae professionis. Quand on est issu de parens de basse condition, Obscuritas. Qui n est point de servile condition,… …   Thresor de la langue françoyse

  • Condition — Con*di tion, n. [F., fr. L. conditio (better condicio) agreement, compact, condition; con + a root signifying to show, point out, akin to dicere to say, dicare to proclaim, dedicate. See {Teach}, {Token}.] 1. Mode or state of being; state or… …   The Collaborative International Dictionary of English

  • condition — [kən dish′ən] n. [ME & OFr condicion < L condicio, agreement, situation < condicere, to speak with, agree < com , together + dicere, to speak: see DICTION] 1. anything called for as a requirement before the performance or completion of… …   English World dictionary

  • condition — n 1 Condition, stipulation, terms, provision, proviso, reservation, strings are comparable when meaning something that is established or is regarded as the prerequisite of a promise or agreement being fulfilled or taking effect. Condition implies …   New Dictionary of Synonyms

  • Condition — or Conditions may refer to: Contents 1 Logic 2 Computer programming 3 Other 4 See also Logic Logical conditional …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”