Contracts containing conditions affecting the performance obligations of the parties are called ________ contracts.
A)executory
B)conditional
C)illusory
D)voidable
E)void

Question

Quizplus · Accepted Answer

Under ordinary circumstances,a party's duty to perform the promise agreed to in a contract is absolute.Sometimes,however,a party's duty to perform may be affected by whether a certain condition occurs.Contracts containing conditions affecting the performance obligations of the parties are called conditional contracts.

Contracts Containing Conditions Affecting the Performance Obligations of the Parties