Question: What is the difference between a condition precedent and a condition subsequent? O A condition precedent comes into existence before a contract is entered into,

What is the difference between a condition

What is the difference between a condition precedent and a condition subsequent? O A condition precedent comes into existence before a contract is entered into, and a condition subsequent is a term that comes into existence after the contract has been entered into A condition precedent may bring a contract to an end, a condition subsequent may bring a contract into existence A condition precedent is permissible under law, but a condition subsequent is unenforceable for public policy reasons A condition precedent suspends the parties' obligations to perform their contractual obligations, and a condition subsequent may bring a contract to an end

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Which of the following is least likely to be used in a contract to take into account the possibility of future changes in the price of raw materials to be supplied in a 10-year contract? a formula...

What is the difference between a condition precedent and a condition subsequent? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a A condition...

Which of the following correctly expresses an important difference between a condition precedent and a condition subsequent? Group of answer choices The occurrence of a condition precedent keeps a...

N Question 1 Not yet answered Marked out of 1.001 Flag question Sigmund ordered and ate a meal at the Blue Fez restaurant. Which of the following statements is TRUE? Select one: OA. The Sale of Goods...

Which of the following is incorrect regarding a condition precedent? a . A contract is not modified by evidence of the existence of a condition precedent. b . A contract's enforceability is called...

Background Facts: Glamour Inc. makes cosmetics that it distributes for sale through independent retail stores. Glamour recently launched a marketing campaign to promote its line of cosmetics by...

Subject is Business Law Quiz navic When you hire an accountant or other professional, the understanding that the professional will provide services of a reasonably good quality is an Contra 10 11...

30. Which of the following is a true statement about conditions in contract law? If A's duty is subject to a condition precedent and the condition does not occur. A will be in breach of contract if...

Can somebody please help me amswer these 9 questions? i will give thumbs up to anyone who solve these are you going to make me wait days before answering my questions? Stephen Muka owned U.S....

Can managerial accounting play an important role in a nonprofit organization? Explain your answer.

The BC security analyst group needs to make investment recommendation as of September 31, 2012 for Best Buy to its clients. To estimate a fundamental value of the company, the group has decided to...

L If a company has negative net cash income, which of the following observations is true? The corpany did not generate enough cash flow from sales to cover cash production costs. The company did not...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...