The requirement of a certain event before a contract can come into existence is known as:
A)a condition subsequent.
B)a condition consequent.
C)a condition precedent.
D)a condition antecedent.

Question

Quizplus · Accepted Answer

A condition precedent is a requirement that must be fulfilled before a contract can come into existence. It is a condition that is stated in the contract which determines the duty of a party to perform. It means that until the condition precedent is met, the parties are not obligated to fulfill their respective duties.

The Requirement of a Certain Event Before a Contract Can