Question: 48 ) . IF A CONTRACT CONTAINS EITHER AN EXPRESS OR IMPLIED CONDITION SUBSEQUENT AND IF THE SPECIFIED CONDITION THEREAFTER DOES OCCUR THIS MEANS THAT

48 ) . IF A CONTRACT CONTAINS EITHER AN EXPRESS OR IMPLIED CONDITION

SUBSEQUENT AND IF THE SPECIFIED CONDITION THEREAFTER DOES OCCUR

THIS MEANS THAT BOTH PARTIES ,

( A ) MUST NOW GO AHEAD AND PERFORM THEIR OBLIGATIONS

( B ) ARE NOW FREED OF THEIR OBLIGATIONS UNDER THE CONTRACT

( C ) ARE NOW FREED OF THEIR OBLIGATIONS IF - AND ONLY IF THEY MUTUALLY

AGREE TO CANCEL THE CONTRACT

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