Asked by Mauricio Davila on Jun 25, 2024
Verified
A ________ is a future,uncertain event that discharges the duty to perform.
A) concurrent condition
B) condition precedent
C) condition subsequent
D) constructive condition
Condition Subsequent
A future event or circumstance that, if it occurs, may terminate a party's obligation under a contract.
Constructive Condition
An implied condition in contracts that must be met before the obligation of the other party becomes due, even if it is not explicitly stated in the contract itself.
- Analyze the responsibilities and rights associated with condition precedent and condition subsequent.
Verified Answer
JB
Jordan BrownJun 30, 2024
Final Answer :
C
Explanation :
A condition subsequent is a future,uncertain event that discharges the duty to perform.When a duty is subject to a condition subsequent,the duty to perform arises but is discharged if the future,uncertain event occurs.
Learning Objectives
- Analyze the responsibilities and rights associated with condition precedent and condition subsequent.
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