A provision in a contract requiring that a buyer obtain financing before a deal can go through is an example of:
A)a contract with no consideration.
B)economic duress.
C)a condition precedent.
D)none of the above

Question

Quizplus · Accepted Answer

This provision is an example of a condition precedent, which is a condition that must be satisfied before a contract can be executed. In this case, the condition is obtaining financing.

A Provision in a Contract Requiring That a Buyer Obtain