A condition Blank______ is a particular event that must occur in order for a party's duty to arise.Multiple choice question.subsequentaberrantprecedentantecedent
Question
A condition Blank______ is a particular event that must occur in order for a party's duty to arise.Multiple choice question.subsequentaberrantprecedentantecedent
Solution
The correct answer is "precedent". A condition precedent is an event or state of affairs that is required before something else will occur. In contract law, a condition precedent is an event which must occur, unless its non-occurrence is excused, before performance under a contract becomes due.
Similar Questions
A condition subsequent is a(n) Blank______ event that terminates the obligations of the parties when it occurs.Multiple choice question.pastfutureprobableunanticipated
A condition Blank______ is a future event that terminates the obligations of the parties when it occurs.Multiple choice question.antecedentsubsequentconcurrentprecedent
______ conditions occur when each party's performance is conditioned on the performance of the other.Multiple choice question.SubsequentConcurrentCompensatoryPrecedent
______ conditions are those that are not explicitly stated, but are inferred from the nature and language of the contract.Multiple choice question.ConcurrentPrecedentImpliedSubsequent
______ conditions are explicitly stated in the contract.Multiple choice question.SubsequentConcurrentExpressImplied
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.