A(n) ________ refers to a condition that requires the occurrence of an event before a party is obligated to perform a duty under a contract.
A) condition precedent
B) condition subsequent
C) concurrent condition
D) implied condition

Question

Quizplus · Accepted Answer

A condition precedent is a condition that must be met before a party is obligated to perform under a contract. It is often used to ensure that certain prerequisites are in place before a contract can be enforced.

A(n) ________ Refers to a Condition That Requires the Occurrence