An uncertain future event,the occurrence of which is necessary for the existence of a contractual obligation is called:

A) a condition precedent
B) a condition subsequent
C) a concurrent condition
D) a constructive condition

Condition Precedent

A condition precedent is a condition or event that must occur before a party is required to perform a contractual obligation or before a contract becomes effective.

Contractual Obligation

A legal duty borne out of a contract, requiring a party to act or refrain from acting in a certain way.

Uncertain Future Event

An uncertain future event is an event or occurrence that may or may not happen, impacting plans, decisions, and outcomes depending on its eventual realization or lack thereof.