A condition precedent qualifies the obligation after the contract is consummated.

Name: A condition precedent qualifies the obligation after the contract is consummated.
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

A condition precedent is a condition that must be fulfilled before a party's obligation under a contract becomes due. It specifies an event or action that must occur before the contract becomes effective or before a party is obligated to perform their part of the agreement.

A Condition Precedent Qualifies the Obligation After the Contract Is