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5. The debtor entered into a contract of loan and executed a promissory note promising to pay her obligation to the creditor as soon as
5. The debtor entered into a contract of loan and executed a promissory note
promising to pay her obligation to the creditor as soon as she receives funds
from the sale of her car.
a. What kind of condition is present in the instant case? Why?
b. Suppose that in the above problem, the debtor promised to pay her obligation as soon as she has received the funds from the sale of the car if she finally decides to sell it. What condition is referred to in this case?Explain.
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