Which of the following describes a conditional sale?

A conditional sale is characterized by its reliance on certain conditions that must be fulfilled in order for the transaction to be completed. This type of sale stipulates that specific criteria or events must occur before the sale is finalized; for example, the buyer securing financing or the seller completing repairs. The essence of a conditional sale is that it is not an unconditional transfer of property—rather, it is contingent upon the satisfaction of these predefined conditions.

In contrast, the other options presented do not encapsulate the essence of a conditional sale. The requirement to agree to zoning laws reflects a legal compliance aspect rather than a condition impacting the sale itself. A sale finalized with a handshake implies an informal agreement and typically does not involve the formality needed for a real estate transaction. Finally, selling property without disclosures pertains to ethical and legal obligations regarding the condition of the property and does not relate to conditions affecting the transaction itself.