examMatrix060412 CPA Exam Challenge Which of the following types of conditions affecting performance may validly be present in contracts? Conditions precedent, conditions subsequent, and concurrent conditions Conditions precedent and conditions subsequent Conditions precedent and concurrent conditions Conditions subsequent and concurrent conditions In some cases, performance under a contract is subject to a stated "condition." A condition may be "precedent" (there is no contract until the condition is satisfied), "subsequent" (the contract is valid until the condition occurs, which invalidates the agreement), or "concurrent" (there are two conditions, one within the control of each party). All three kinds of conditions are recognized by the common law contracts. For a chance to win a Kindle Fire, sign up here:
