________ Refers to a Condition Whose Occurrence or Nonoccurrence of a Specific

question 20

Multiple Choice

________ refers to a condition whose occurrence or nonoccurrence of a specific event automatically excuses the performance of an existing contractual duty to perform.

• A)Condition precedent
• B)Condition subsequent
• C)Concurrent condition
• D)Implied condition

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Definitions:

Public Water

Water resources, such as rivers, lakes, and reservoirs, that are managed by governmental entities and accessible to the general public.

Annual Statement

A comprehensive report detailing a company's financial performance over the year, typically required by regulatory bodies.

Contaminants

Any substance or agent that makes something impure or harmful, often found in the environment, food, or water.

CERCLA

Comprehensive Environmental Response, Compensation, and Liability Act; a federal law designed to clean up sites contaminated with hazardous substances.