For deferred payment distinguish a known calendar date from an uncertain event.
1. 'Pay on December 10': date specified.
2. 'Pay after the wheat is cut': timing may remain uncertain.
3. 'Pay in 30 days': definite when the start is known.
The full ruling on any real contract still requires examining its other terms.
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Invalid and Defective Sales: Conditions, Possession and Remedies
For deferred payment distinguish a known calendar date from an uncertain event.
1. 'Pay on December 10': date specified.
2. 'Pay after the wheat is cut': timing may remain uncertain.
3. 'Pay in 30 days': definite when the start is known.
The full ruling on any real contract still requires examining its other terms.