Which of the following is/are correct with regard to conditions subsequent?
A) Conditions subsequent are quite common in contracts.
B) A "sale or return" contract is an example of a contract with a condition subsequent.
C) A condition subsequent must occur before performance is due under a contract.
D) All of these are correct.

Question

Quizplus · Accepted Answer

A) This statement is incorrect. Conditions subsequent are not very common in contracts.
B) This statement is correct. A "sale or return" contract is an example of a contract with a condition subsequent, where the seller has the right to demand the return of the goods if they are not sold by a certain date.
C) This statement is incorrect. A condition subsequent occurs after performance is due under a contract.
D) This statement is incorrect as not all of the choices are correct.

Which of the Following Is/are Correct with Regard to Conditions