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MMLU-Pro / 1754 / After learning that a new housing development was about to be built, a developer…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

After learning that a new housing development was about to be built, a developer began looking for property near the housing development on which he could build a shopping center. After an extensive search, he purchased a three-acre undeveloped tract of land for the purpose of developing a small shopping center. At the time the sale was finalized, the developer told his plans to the seller of the three-acre tract, and also mentioned that he was worried whether he had sufficient funds to complete the project. The seller agreed to lend money to the developer to allow for completion of the project. The seller then wrote out the following contract:"In order to help the developer with his plans for development of a shopping center on the three- acre tract he has this day purchased from me, I will lend him 50,000at10percentinterestprovidedhesignsacontractwithabuilderforconstructionoftheshoppingcenteronthistract.Repaymenttomeattherateof50,000 at 10 percent interest provided he signs a contract with a builder for construction of the shopping center on this tract. Repayment to me at the rate of 5,000 per year to be secured by a mortgage on the three-acre tract. "Both parties then signed the contract. The seller's promise to lend $50,000 to the developer is
Plain-text mathematical notation (without MathML)
After learning that a new housing development was about to be built, a developer began looking for property near the housing development on which he could build a shopping center. After an extensive search, he purchased a three-acre undeveloped tract of land for the purpose of developing a small shopping center. At the time the sale was finalized, the developer told his plans to the seller of the three-acre tract, and also mentioned that he was worried whether he had sufficient funds to complete the project. The seller agreed to lend money to the developer to allow for completion of the project. The seller then wrote out the following contract:"In order to help the developer with his plans for development of a shopping center on the three- acre tract he has this day purchased from me, I will lend him 50,000at10percentinterestprovidedhesignsacontractwithabuilderforconstructionoftheshoppingcenteronthistract.Repaymenttomeattherateof5,000 per year to be secured by a mortgage on the three-acre tract. "Both parties then signed the contract. The seller's promise to lend $50,000 to the developer is
Original LaTeX notation
After learning that a new housing development was about to be built, a developer began looking for property near the housing development on which he could build a shopping center. After an extensive search, he purchased a three-acre undeveloped tract of land for the purpose of developing a small shopping center. At the time the sale was finalized, the developer told his plans to the seller of the three-acre tract, and also mentioned that he was worried whether he had sufficient funds to complete the project. The seller agreed to lend money to the developer to allow for completion of the project. The seller then wrote out the following contract:"In order to help the developer with his plans for development of a shopping center on the three- acre tract he has this day purchased from me, I will lend him $50,000 at 10 percent interest provided he signs a contract with a builder for construction of the shopping center on this tract. Repayment to me at the rate of $5,000 per year to be secured by a mortgage on the three-acre tract. "Both parties then signed the contract. The seller's promise to lend $50,000 to the developer is

category

law

options

  1. a condition precedent to the developer's duty to construct the shopping center.
  2. a condition subsequent to the developer's duty to enter into a building construction contract.
  3. not a condition, either precedent or subsequent, to the developer's duty to enter into a building construction contract.
  4. a condition subsequent in form but precedent in substance to the seller's duty to lend the $50,000.
  5. a condition precedent in form but subsequent in substance to the developer's duty to enter into a building construction contract.
  6. a condition subsequent to the seller's duty to lend the $50,000.
  7. a condition subsequent in form but precedent in substance to the developer's duty to enter into a building construction contract.
  8. a condition precedent to the developer's duty to repay the loan.
  9. not a condition, either precedent or subsequent, to the seller's duty to lend the $50,000.
  10. a condition precedent in form but subsequent in substance to the developer's duty to repay the loan.

src

ori_mmlu-professional_law

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Source and history

upstream_id / Original problem ID
1754
task_id
b6884de0-af85-5de0-973f-b03c7cedf98e
task_key
default--test--1754
task_revision_id
1
config / split
default / test

Official source

initial import