A condition is not only regarded as a condition precedent if the policy clearly describes it as such; it will also be treated as one if the courts are satisfied that both parties had intended it to be one.
What does CP stand for?
CP stands for Condition Precedent
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of CP
We have 227 other meanings of CP in our Acronym Attic
- Component Procedure
- Component Program
- Compressed Pinna
- Compression Platform
- Computer Personnel (former journal)
- Computer Proficiency (education requirement)
- Computer Program/mer
- Concentrate Phosphate
- Concentration Points (Breath of Fire IV game)
- Condensate Pump
- Conditional Priority
- Conditional Probability
- Conducting Polymer
- Confédération Paysanne (France)
- Conference on Principles and Practice of Constraint Programming (annual conference)
- Conference Proceedings
- Conference Publication
- Configuration Protocol (computing)
- Congregation of the Passion, Passionists (religious order)
- Connaught Place
Samples in periodicals archive:
According to the court,"[t]he focus is on the obligation created at the time of the transaction" The Service, on the other hand, argued that the taxpayer's obligation was subject to a condition precedent and, thus, was not a loan.
From the point of view of contract law, the requirement that the 90th Street cooperative apartment be sold before the Prudential loan would be made was a condition precedent which can be defined as an act or event which must occur before the bank's commitment to make the loan can be performed.
Under SAB 101, customer acceptance was deemed a condition precedent to income accrual.