Corporations

Question $58(1$ point$)$

What is a condition precedent?

Question $58$ options:

an unconditional undertaking given by a promisee to the promisor to perform an event before a contract takes effect

an event that happens before a contract takes effect

any set of circumstances or events that the parties agree must be satisfied or must happen before their contract takes effect

an undertaking, conditional on the execution of a contract between the parties, that a promisee makes to a promisor prior to entering into a contract