Asked by Kamalpreet Singh on Jun 18, 2024
Verified
A ________ is a particular event that must occur in order for a party's duty to arise.
A) condition precedent
B) condition subsequent
C) concurrent condition
D) subordinate condition
E) concordant condition
Condition Precedent
A specific event or action that must occur before a contract becomes binding or a party is required to perform their contractual obligations.
Duty
A legal or moral obligation to do or refrain from doing something.
- Distinguish and elucidate on divergent states (precedent, subsequent, concurrent) that may impact the execution of contract-related responsibilities.
Verified Answer
KR
khayla reeseJun 19, 2024
Final Answer :
A
Explanation :
A condition precedent is a particular event that must occur in order for a party's duty to arise.If the event does not occur,the party's duty to perform does not arise.
Learning Objectives
- Distinguish and elucidate on divergent states (precedent, subsequent, concurrent) that may impact the execution of contract-related responsibilities.
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