Failure to satisfy a condition precedent excuses the performance of a contracting party even if the condition is a minor part of the transaction.

Question

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If something must take place in the future, before a contracting party has a duty to perform, it is a condition precedent. Failure to satisfy a condition precedent excuses the performance of a contracting party even if the condition is a minor part of the transaction.

Failure to Satisfy a Condition Precedent Excuses the Performance of a Contracting