Asked by Maddi Coones on Jun 29, 2024
Verified
The three types of contractual conditions are condition precedent,condition subsequent,and recurrent conditions.
Condition Precedent
In a contract, an event that must occur for a party’s duty to arise.
Condition Subsequent
In a contract, a future event that terminates the obligations of the parties when it occurs.
Recurrent Conditions
Medical issues or diseases that return repeatedly, even after treatment.
- Understand the role and effect of contractual conditions on the performance obligations of the parties involved.
Verified Answer
HM
Hashir MasoodJun 30, 2024
Final Answer :
False
Explanation :
Condition precedent,condition subsequent,and concurrent conditions are the three types of contractual conditions.
Learning Objectives
- Understand the role and effect of contractual conditions on the performance obligations of the parties involved.