A contract will only be deemed legally binding if it is in writing. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a True b False Which of the following best describes the effect of a "condition precedent" in a contractual agreement? a Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer a No requirement needs to be satisfied before a party fulfills their contractual obligations. b There is a requirement that needs to be satisfied before a party fulfills their contractual obligations. Only the financial element of the contract would need to be satisfied for the contractual obligations to be fulfilled. d There are more than five terms that need to be satisfied before contractual obligations are fulfilled