Finance Leasing Manual - FLM37.13

Part II Schedule 12: second condition: terms of contract unconditional at 26/11/96

The first requirement (see FLM37.13), which is unlikely to cause difficulty in practice, is that:

• no terms of the contract remain to be settled on or after 26 November 1996; and

• either the contract is unconditional; or the contract is conditional but the conditions have been satisfied before that date.