A ________ occurs when the contract calls for the parties to perform at the same time.

A) concurrent condition
B) condition subsequent
C) condition precedent
D) constructive condition

Concurrent Condition

A situation in contract law where the obligations of parties are to be performed at the same time; the performance of one party is conditioned upon the performance by the other.

Constructive Condition

A condition inferred by law from the conduct of parties or the circumstances, rather than explicitly stated in a contract.