Which of the following is false with regard to ending contracts and remedies?
A) The term "condition precedent" refers to a clause in a contract that brings the contractual obligations of the parties to an end upon the happening of some specific event.
B) A breach of condition allows the party who suffers the breach to terminate the contract.
C) The equitable remedy of specific performance is available in those situations where monetary compensation would not be adequate.
D) If a person ignores a court order, e.g., an injunction, he could be cited for contempt of court.
E) If Sid incurred costs in preparing to perform a contract that is ended by frustration, the court can allow Sid to keep some of the deposit paid by the other party to help cover those costs.

Question

Quizplus · Accepted Answer

The term "condition precedent" actually refers to a clause in a contract that must be fulfilled before the contract becomes effective or operational. It does not necessarily bring the contractual obligations to an end upon the happening of a specific event.

Which of the Following Is False with Regard to Ending