Understanding Conditions Precedent and Conditions Subsequent in Contracts

The video tutorial explains the concept of conditions in contracts, which are terms that must be met for obligations to arise or be excused. It distinguishes between condition precedent, which must occur before obligations are binding, and condition subsequent, which can relieve obligations if they occur. The tutorial also covers expressed and implied conditions, providing examples and discussing their role in contract performance.

What does it mean for a condition to be expressed in a contract?

Describe an implied condition and give an example.