What Is a Condition Precedent

question 65

Multiple Choice

What is a condition precedent?

• A)an event that happens before a contract takes effect
• B)an event that is related to a contract and happens before a contract takes effect
• C)an unconditional undertaking given by a promisee to the promisor to perform an event before a contract takes effect
• D)any set of circumstances or events that the parties agree must be satisfied or must happen before their contract takes effect
• E)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

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Definitions:

Federalist Faction

A political group in early United States history that supported a strong federal government and the ratification of the Constitution, contrasting with the Democratic-Republicans.

Basic Beliefs

Fundamental principles or ideas that form the foundation of a particular ideology, religion, or system of thought.

Characteristics

Features or qualities that distinguish a person, object, or phenomenon from others, defining its nature or attributes.

Republican Faction

A group or party within a larger political context that advocates for a republic form of government, often emphasizing values such as liberty, democracy, and the rule of law.