| The Court of Appeals also held that Fellows' title was invalid, because the payment of compensation was a condition precedent. |
| These resolutions would be subject to a condition precedent, i.e. that the first resolution be adopted beforehand. |
| With respect to condition precedent above, the board of directors has received the verbal opinion from Paradigm Capital Inc. |
| The only way any party could get out of the letter of intent would be if there were a violation of a condition precedent. |
| Thus I conclude that requirement to serve a demand is a procedural condition precedent to bringing proceedings. |
| If a term is a condition precedent to liability, any breach defeats liability but does not lead to a repudiation of the whole contract. |
