Pedro agrees to buy queens world store business on the, Financial Management

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Pedro agrees to buy queens world store business on the

1. Ralph’s Repair, Inc., contracts to repair the front steps for Susan Smith beam for $10,000. If Ralph’s Repair does not per¬form, Susan must pay

a. $10,000.

b. $5,000.

c. $1,000.

d. $0.

2. Pedro agrees to buy Queen’s World store business on the express condition that Robath Credit Union approves the financing. This approval is

a. not a condition.

b. a condition precedent.

c. a concurrent condition.

d. a condition subsequent.

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Financial Management: Pedro agrees to buy queens world store business on the

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