If the happening of a condition discharges an existing duty to perform, this is called a condition precedent.

Name: If the happening of a condition discharges an existing duty to perform, this is called a condition precedent.
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If the happening of a condition discharges an existing duty to perform, this is called a condition subsequent. A condition precedent is a condition that must be fulfilled before a contractual obligation arises.

If the Happening of a Condition Discharges an Existing Duty