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:

Moving Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product more efficiently.

Interchangeable Parts

Components that are made to specifications that ensure they are so nearly identical that they will fit into any assembly of the same type, enabling easy assembly and repair of manufactured goods.

Defense Plants

Factories and production facilities dedicated to manufacturing military and defense-related equipment and supplies.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and marked by significant battles, genocide, and the eventual defeat of Nazi Germany and Imperial Japan.