Contracts
In Kentucky, a 'concurrent condition' in a contract means that:
ATwo conditions must both occur before either party must perform
BBoth parties' performances are due simultaneously✓ Correct
CThe seller can cancel while the buyer is performing
DOnly one party must perform regardless of the other party's actions
Explanation
Concurrent conditions require that both parties' performances be tendered simultaneously — neither party is required to perform until the other offers to perform (as in real estate closings where deed and payment are exchanged simultaneously).
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