Which of the following would be the legal result if the event contemplated by a condition precedent failed to take place?
A) The contract may be discharged.
B) The contract is declared void.
C) The party will be given time to cure.
D) The contract will be binding on all the parties.

Question

Quizplus · Accepted Answer

If the event contemplated by a condition precedent fails to take place, the contract may be discharged as the condition has not been met. The contract may become void if the failure of the condition renders the contract impossible to perform. The party may be given time to cure only if the contract allows for it. The contract will not be binding on all the parties if the condition precedent is not fulfilled.

Which of the Following Would Be the Legal Result If