Which of the following is a type of conditional promise?
A) Condition concurrent
B) Condition subsequent
C) Condition illusory
D) Both a condition concurrent and a condition subsequent

Question

Quizplus · Accepted Answer

A conditional promise can be either a condition concurrent, where the obligations of both parties are to be performed simultaneously, or a condition subsequent, which is a condition that, upon occurrence, terminates an existing obligation. Condition illusory is not a type of conditional promise but rather a term used to describe a promise that is not actually binding due to the promisor having the choice to perform or not.

Which of the Following Is a Type of Conditional Promise